Discussion

Q.

Sudhanshu buys a book ₹ 600 and sells it for ₹ 500. Find his profit or loss percentage.

A. 20 % profit

B. 20 % loss

C. 16.66 % loss

D. 16.66 % profit

Correct Option is C

Explanation:

CP = ₹ 600   SP = ₹ 500  

Loss =  CP - SP

Loss amount = ₹ 600 - ₹ 500 = ₹ 100

Loss % = 100600×100 =16.66%

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