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A man buys an article for Rs. 500 and sells it for Rs. 450. Find the loss percentage.
10%
5%
12%
8%
10%
Calculate the loss directly as a fraction of the cost price: 50/500=1/10, which immediately gives 10%.
Cost Price (CP) = Rs. 500, Selling Price (SP) = Rs. 450
Loss%=Cost┬аPriceCost┬аPriceтИТSelling┬аPriceтАЛ├Ч100
Calculate the loss directly as a fraction of the cost price: 50/500=1/10, which immediately gives 10%.
Dividing the loss by the selling price instead of the cost price, which yields an incorrect percentage.
Calculate the Loss
Find the absolute loss by subtracting the selling price from the cost price: Loss=CPтИТSP.
Loss=500тИТ450=50
Apply Loss Percentage Formula
Substitute the values of Loss and Cost Price into the percentage formula.
Loss%=50050тАЛ├Ч100
Compute Final Percentage
Simplify the fraction to get the final loss percentage.
Loss%=10%
A is correct because the calculated loss percentage is 10%.
Profit and loss calculations form the foundation for discount, markup, and partnership problems in quantitative aptitude.
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