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    Rohit buys an old bat for Rs. 2320 and spends Rs. 180 on its repairing. If he sells it for Rs. 2400 then what is the loss percentage?
    Question

    Rohit buys an old bat for Rs. 2320 and spends Rs. 180 on its repairing. If he sells it for Rs. 2400 then what is the loss percentage?

    A.

    8 percent

    B.

    5 percent

    C.

    4 percent

    D.

    10 percent

    Correct option is C

    Given:
    Cost price = Rs. 2320, Repairing cost = Rs. 180, Selling price = Rs. 2400
    Formula Used:
    Loss %=(Cost PriceSelling PriceCost Price)×100\text{Loss \%} = \left( \frac{\text{Cost Price} - \text{Selling Price}}{\text{Cost Price}} \right) \times 100​​
    Solution:
    Total cost price of the bat = Rs. (2320 + 180) = Rs. 2500
    Selling price of the bat = Rs. 2400
    Loss percentage = 100/2500 × 100% = 4%

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