NIFT UG 2014 Question Paper with solutions

Question : 78 of 150

Marks: +1, -0

If a radio is purchased for ₹490 and sold for ₹465.50, find the loss per cent.

Solution:

Cost price of radio = ₹490
Selling price of radio = ₹ 465.50
Loss

=490–465.50=24.50

Loss%

=\text "Loss"/{CP}×100=24.50/490×100

=2450/{100×490}×100=5%

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