A man buys a cycle for Rs. 5000 and sells it for Rs. 4500. What is his loss percentage?
Maths / Profit and Loss MCQs Math — Multiple-choice practice
- A. 12%
- B. 8%
- C. 10%
- D. 5%
Correct answer
10%
Explanation
Explanation Loss = 5000 - 4500 = 500 Loss % = (500 / 5000) × 100 = 10%
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