Aditya bought a mobile for ₹21,500 and sold it for ₹18,500. Find the loss percentage (up to two decimal places) in the complete process.
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Correct answer: D
Explanation
The correct answer is option 4 i.e 13.95%.
Cost Price (CP) = ₹21,500 and Selling Price (SP) = ₹18,500
Loss = CP - SP = 21,500 - 18,500 = ₹3,000
Loss% = (Loss ÷ CP) × 100 = (3,000 ÷ 21,500) × 100 = 13.95% (approx)