A TV is purchased at Rs. 5000 and sold at Rs. 4000, find the lost percent?
Maths / Profit and Loss MCQs Math — Multiple-choice practice
- A. 20%
- B. 50%
- C. 10%
- D. 100%
Correct answer
20%
Explanation
Explanation Cost Price (CP) = Rs. 5000 Selling Price (SP) = Rs. 4000 Loss = CP − SP = 5000 − 4000 = Rs. 1000 Loss % = (Loss / CP) × 100 = (1000 / 5000) × 100 = 20%
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