Question

A shopkeeper bought rice at a rate of Rs 500/quintal. Due
to a decline in the price of rice he had to sell it at a
rate of Rs. 4.80/Kg. Find his percent loss.solusan​

Answer 1

Answer:

CP of rice =500/100=₹5/kg

SP of rice = ₹4.8/kg

loss incurred=₹0.2

loss%=0.2/5×100=4%