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A shopkeeper buys an item for Rs. 1,000 and sells it for Rs. 900. Find the loss percentage.
  1. 5%
  2. 10%
  3. 15%
  4. 20%
Explanation

Given:

Cost Price (CP) = Rs. 1,000

Selling Price (SP) = Rs. 900

Loss = CP − SP

= 1000 − 900 = Rs. 100

Loss % = (Loss ÷ CP) × 100

= (100 ÷ 1000) × 100

= 10%

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A shopkeeper buys an item for Rs. 1,000 and sells it for Rs. 900. Find the loss percentage.
  1. 5%
  2. 10%
  3. 15%
  4. 20%
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