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A person buys a cycle for Rs. 450 but because of certain urgency, he sells it for Rs. 350. Find his loss percentage?
Question

A person buys a cycle for Rs. 450 but because of certain urgency, he sells it for Rs. 350. Find his loss percentage?

A.

20.22%

B.

23.22%

C.

22.22%

D.

21.22%

Correct option is C

Given:
Cost Price (CP) = ₹450 
Selling Price (SP) = ₹350 
Formula Used:
Loss %=LossCP×100\text{Loss \%} = \frac{\text{Loss}}{\text{CP}} \times 100​​
Solution:
Loss=CPSPLoss=450350=100Loss %=LossCP×100Loss %=100450×100=22.22%\text{Loss} = \text{CP} - \text{SP}\\\text{Loss} = ₹450 - ₹350 = ₹100\\\text{Loss \%} = \frac{\text{Loss}}{\text{CP}} \times 100\\\text{Loss \%} = \frac{100}{450} \times 100 = 22.22\%\\​​

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