A table is purchased for Rs. 8500 and sold for Rs. 8000. What is the loss percentage?

Correct option is A

Given: 

Cost price(CP) = Rs. 8500 

Selling price(SP) = Rs. 8000

Formula Used: 

Loss% = $$\frac{ CP - SP}{CP} \times 100$$ 

Solution: 

Substituting the values; 

$$\text{Loss }\%= \frac{ 8500 - 8000}{8500}\times100 \\ \ \\ = \frac{500}{8500}\times 100 \\ \ \\ = 5.88 \%$$ 

Thus, Loss percent is 5.88%