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A man buys a cycle for Rs. 5000 and sells it for Rs. 4500. What is his loss percentage?
  1. 5%
  2. 8%
  3. 10%
  4. 12%
Explanation

Loss = 5000 - 4500 = 500  

Loss % = (500 / 5000) × 100 = 10%


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