Ravath had to sell vegetables worth ₹4,960 for ₹4,712 due to weather conditions. What is the loss percentage that he has incurred?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 5%.
Loss = 4960 - 4712 = 248
Loss percentage = (248/4960) × 100 = 5%
Therefore, Ravath incurred a loss of 5%.