An umbrella is bought at Rs.80 and sold at Rs.68. What is the percentage of loss?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 15%.
Loss% = (C.P. - S.P.)/C.P. × 100
here, S.P. < C.P.
Loss% = (80 - 68)/80 × 100
Loss% = 15%