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Choose the correct option.

If a camera is purchased for Rs 490 and sold for Rs 465.50. Find the loss%

A5%

B11%

C7%

D13%

Answer: Option (Login/Signup)

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STEP-BY-STEP

Siddhartha
17 Apr, 2019 2:42 PM

Given,

Cost price of the camera, C.P = Rs. 490

Selling price of the camera, S.P = Rs. 465.50

Since, C.P > S.P

So, Loss = ( C.P - S.P )

= Rs. ( 490 - 465.50 )

= Rs. 24.5

Therefore, Loss% = ( Loss / C.P ) x 100

= ( 24.5 / 490 ) x 100

= 5%

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