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If toys are bought at $ 5 each and sold at $ 4.50 each, then the loss percent is :
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- 10%
- 11%
- 12%
- 13%
Correct Option: A
Loss = CP - SP = 5 – 4.50 = 0.50
| ∴ Loss percent = | × 100 = 10% | 5 |
We can find required answer with the help of given formula :
Here, a = b, p = 5a and y = 4.50a
| Loss % = |  | aq - bp |  | × 100% | |
| bp |
| Loss % = | | 4.50a2 - 5a2 | | × 100% | ||
| 5a2 |
| Loss % = | | - 0.5a2 | | × 100% | ||
| 5a2 |
Loss % = 10% (–ve sign shows loss)
