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A person bought one kilogram of oranges for Rs.80 and sold for Rs.60. Find the loss in percentage?
  1. 50%
  2. 20%
  3. 25%
  4. None of these
Explanation

Loss = Cost price - Selling price = 80 - 60 = 20

Loss percentage = (Loss / Cost price) * 100 = (20 / 80) * 100 = 25%

Related MCQs

A company has sales data for 5 years. If the revenue is $5000 and costs are $3500, what is the profit?
  1. $1000
  2. $1500
  3. $2000
  4. $2500
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Parties A, B, and C have a total monthly income of 90,000. If the combined income of B and C is 60,000, what is the income of Party A?
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