Mahesh buys a water cooler for ₹28,500 and sells it for ₹24,800. What is his loss percentage? (Correct to 2 decimal places)
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 12.98%.
Loss = CP - SP
Loss = 28500 - 24800 = 3700
Loss% = × 100 = 12.98%