A machine was sold at ₹27,300 at a loss of 9%. Find the loss (in ₹).
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 2700.
Loss % = 9%
Selling Price (SP) = ₹27,300
Let Cost Price (CP) = x
x − 0.09x = 27300
0.91x = 27300
x = 27300/0.91 = 30000
Loss = CP − SP = ₹30,000 − ₹27,300 = ₹2,700