what is the loss percentage incurred by a company when it buys an asset for Rs…
2024
what is the loss percentage incurred by a company when it buys an asset for Rs 1,50,000 and sells it for Rs 75,500?
- A.
49.67%
- B.
49.34%
- C.
98.68%
- D.
98.34%
Attempted by 90 students.
Show answer & explanation
Correct answer: A
Given: Cost price = Rs 1,50,000. Selling price = Rs 75,500.
Loss = Cost price − Selling price = Rs 1,50,000 − Rs 75,500 = Rs 74,500.
Loss percentage = (Loss / Cost price) × 100 = (74,500 / 1,50,000) × 100 = 49.666...%
Rounded to two decimal places: 49.67%