Mohit purchased a table for ₹3,500 and due to some scratches on it top, he sold it for ₹3,200. What is his loss percentage (rounded off to two decimals)?

Correct option is B

Given:

Cost Price of table = ₹3,500

Selling Price = ₹3,200

Formula Used:

Loss Percentage = $$\frac{Loss}{Cost\ Price} \times 100$$​​

Loss = CP - SP

Solution:

Loss = 3500 - 3200 =₹300

Loss Percentage =$$\frac{300}{3500} \times 100 =\frac{60}{7}= \bf 8.57\%$$​