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Arithmetic Aptitudes Profit and Loss

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Q: Determine the loss percentage if a radio is acquired for Rs. 490 and sold for Rs. 466.50.

A 1%
B 5%
C 3%
D 105
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Answer: B

Explanation:

C.P. = Rs. 490, S.P = Rs. 465.50
Loss = Rs. (490 – 465.50) = Rs. 24.50
$∴ L o s s % = (\frac{24.5}{490} \times 100) % = 5 %$

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