A man buys a toy car for Rs 225 and sells it for Rs 210. Find his loss percentage (round up to two decimal places).
Show answer & explanation
Correct answer: D
Explanation
Correct answer is option 4 i.e. 6.67%.
Cost price = 225
Selling price = 21
Loss = CP - SP
Loss% = (Loss/CP) × 100
Loss = 225 - 210 = Rs 15
Required loss % = (15/225) × 100 = 6.67%