Question
Download Solution PDFRohit buys an old bat for Rs. 880 and spends Rs. 120 on its repairing. If he sells it for Rs. 800, then what is the loss percentage?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven
Cost of old bat = Rs. 880
Repairing cost = Rs. 120
Selling price = Rs. 800
Concept:
Loss% = (Loss/CP) × 100%
Solution:
⇒ CP = Cost of old bat + Repairing cost = 880 + 120 = Rs. 1000
⇒ Loss = CP - Selling price = 1000 - 800 = Rs. 200
⇒ Loss% = (200/1000) × 100% = 20%
Therefore, the loss percentage is 20%.
Last updated on Jul 14, 2025
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