Question : Salim had to sell vegetables worth Rs. 5750 for Rs. 4500 due to heavy rainfall. What is the loss percentage that he has incurred?
Option 1: 21.74%
Option 2: 23.47%
Option 3: 20%
Option 4: 23.45%
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Correct Answer: 21.74%
Solution :
Cost price (CP) = Rs. 5750
Selling price (SP) = Rs. 4500
Loss = CP – SP = 5750 – 4500 = Rs. 1250
Loss % $=\frac{\text{Loss}}{\text{Cost price}} × 100=\frac{1250}{5750} × 100 = 21.74\%$
Hence, the correct answer is 21.74%.
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