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A man buys a TV for Rs. 9,000 and sells it for Rs. 8,000. What is his loss percentage?
  1. 10%
  2. 11.11%
  3. 12.5%
  4. 15%
Explanation

Loss = 9,000 − 8,000 = 1,000

Loss % = (Loss ÷ Cost Price) × 100

= (1,000 ÷ 9,000) × 100

= 11.11%

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