Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Amar buys an old washing machine for Rs.4,500 and spends Rs.500 on its repair. If he sells the washing machine for Rs.4,500, then what is his loss percent ?

Options:

6%

8%

10%

12%

Correct Answer:

10%

Explanation:

Cost price = 4500

Spent = 500

Final cost price = 4500 + 500 = 5000

Selling price = 4500

Loss percentage = \(\frac{( 5000 - 4500 ) × 100}{5000}\) = 10%