Question

The cost of a sofa was Rs. 20000, it was sold for Rs. 19500. Find the loss %
A)10
B)2.5
C)25
D)no loss

Answer 1

2.5%

CP of sofa = 20,000

SP of sofa = 19,500

So, Loss. = 20,000 - 19,500

= 500

Loss percent = 500/20000 × 100

= 2.5% (Ans)

Hope it helps you!