Question

Manish sold an article for Rs 2000 which he had bought for Rs 2100. Find his loss and its percentage.

A) Rs 100; 4.76%
B) Rs 200; 9.52%
C) Rs 300; 14.29%
D) Rs 400; 19.05%

Answer 1

Manish sold an article for Rs 2000 which he had bought for Rs 2100, resulting in a Rs 100 loss. His loss percentage on this transaction is 4.76%, making the correct answer A) Rs 100; 4.76%.

Step-by-step explanation:

To calculate the loss Manish incurred when he sold an article for Rs 2000 which he had bought for Rs 2100, we need to subtract the selling price from the buying price. The loss is calculated as:

Loss = Buying Price - Selling Price

Loss = Rs 2100 - Rs 2000 = Rs 100

Now, to find the loss percentage, we use the formula:

Loss Percentage = (Loss / Buying Price) × 100%

Loss Percentage = (Rs 100 / Rs 2100) × 100%

Loss Percentage = 0.047619 × 100%

Loss Percentage = 4.76%

Thus, the correct answer is A) Rs 100; 4.76%.