A watch is purchased for ₹3,200 and sold for ₹2,700. Calculate the percentage…
2023
A watch is purchased for ₹3,200 and sold for ₹2,700. Calculate the percentage loss up to two places of decimal.
- A.
15.18%
- B.
15.62%
- C.
16.12%
- D.
16.50%
Attempted by 12 students.
Show answer & explanation
Correct answer: B
Cost price = Rs. 3,200 and selling price = Rs. 2,700. Loss = 500. Loss percentage = 500 / 3200 x 100 = 15.625%, which rounds to 15.62%.