Given:
· Cost price = 17,30,000
· Repairs = 40,000
· Selling price = 16,10,700
Formula:
Loss = CP − SP Loss % = (Loss ÷ CP) × 100
Solution:
Step 1: Total Cost Price
Total CP = 17,30,000 + 40,000 =
17,70,000
Step 2: Find Loss
Loss = 17,70,000 − 16,10,700 =
1,59,300
Step 3: Loss Percentage
Loss % = (1,59,300 ÷ 17,70,000) × 100 = 9%
Correct Answer: (b) 9.0%
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