Asha bought a mixer for ₹2,160 and sold it for ₹1,998. Find the loss percentage.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 7.5%
Cost price = 2160
Selling price = 1998
Loss = 2160 – 1998 = 162
Loss % = (Loss ÷ Cost price) × 100
= (162 ÷ 2160) × 100
= 7.5%