If a cycle is purchased for Rs. 1960 and sold for Rs. 1862. Find the loss percent.
If a cycle is purchased for Rs. 1960 and sold for Rs. 1862. Find the loss percent.
[A]4%
[B]3%
[C]5%
[D]6%
5%
C.P=Rs. 1960, S.P=Rs. 1862
Loss=1960-1862=Rs. 98.
Hence Loss % = $latex \left ( \frac{98}{1960}\times 100 \right )&s=2$ %= 5%
Hence option [C] is the right answer.