Question

Four alternative options are given for each of the following statements. Select the correct option. The percentage of loss, when an article worth ₹ 10,000 was sold for ₹ 9,000 is:A. 10 B. 20 C. 15 D. 25

Answer 1

Answer : Loss Percentage = 10


Explanation -

Given :

Article worth = ₹10,000

Selling Price = ₹9000



Finding loss -

Loss = cp - sp

Loss = 10,000 - 9000

Loss = ₹1000


Finding loss Percentage -

loss Percentage = (loss/cp) x 100

= (1000/10,000) x 100

= 10%


Hence :

Loss Percentage = 10%

Answer 2

Option ( A ) is correct.

Explanation :

Worth of an article ( C.P ) = Rs 10000

Selling price ( S.P ) = Rs 9000

S.P < C.P

Therefore ,he gets loss.

Loss ( L ) = C.P - S.P

= Rs 10000 - Rs 9000

= Rs 1000

Now ,

Loss percentage = ( L × 100 )/C.P

= ( 1000 × 100 )/10000

After cancellation, we get

= 10

Therefore ,

Loss percentage = 10

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