Question
A shopkeeper bought an item for Rs.435 and sold it for Rs.348. Find the loss percentage. (in %)
This question was previously asked in
RPF Constable 2018 Question Paper PDF (16-Feb-2019) (Shift 2)
The correct answer is
20
20 is correct.
The cost price is ₹435 and the selling price is ₹348; since the selling price is lower, the deal results in a loss.
Loss \(=435-348=87\), i.e. ₹87.
Loss is expressed as a percent of the cost price.
Loss percent \(=\dfrac{87}{435}\times 100=20\%\).
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