A trader buys an article for Rs. 1600 and sells it for Rs. 1216. Find the loss percentage.
- A. 24% ✓
- B. 26%
- C. 30%
- D. 18%
Correct answer
A. 24%
Explanation
Loss = 384. Loss% = (384/1600) x 100 = 24.0%.
A. 24%
Loss = 384. Loss% = (384/1600) x 100 = 24.0%.