A TV is purchased at Rs. 5000 and sold at Rs. 4000, find the lost percent?
- 100%
- 20%
- 10%
- 50%
Explanation
Cost Price (CP) = Rs. 5000
Selling Price (SP) = Rs. 4000
Loss = CP − SP = 5000 − 4000 = Rs. 1000
Loss % = (Loss / CP) × 100
= (1000 / 5000) × 100
= 20%
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