If a box was sold at a loss of ₹350 for ₹4,650, then the percentage loss is equal to:

Correct option is A

Given:

Selling Price = ₹4650

Loss  = ₹350

Formula Used:

Loss = CP - SP

Loss Percentage =$$\frac{Loss}{CP} \times 100$$​​

Solution:

Cost Price = SP + Loss = 4650 + 350 = ₹5000

Loss percentage = $$\frac{350}{5000} \times 100 = 7\%$$​​