A radio bought for Rs. 1500 is retailed at Rs. 1230. Determine the loss percentage?
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Answer: A. 18%
Explanation
Subtracting the retail selling price from the original purchase cost gives a total loss of two hundred seventy. Dividing the loss amount by the original cost price determines the fractional loss proportion. Multiplying the fractional loss by one hundred converts the value into an eighteen percent loss. Financial loss occurs when an asset is sold for less than its original acquisition cost price. Loss percentage is always calculated relative to the initial cost price rather than selling price. Basic percentage formulas require dividing the target amount by the base reference value.
Retail businesses track inventory loss percentages to monitor clearance sales and markdown profitability. Accounting professionals report financial losses on income statements to reflect declining asset values. Understanding retail math helps consumers evaluate discount offers and promotional pricing accuracy. Option B suggests nine percent which underestimates the actual calculated financial loss ratio. Option C suggests fifteen percent which fails to match the precise division of two seventy by fifteen hundred. Option D suggests six percent which represents a severe miscalculation of the retail markdown.
- Subject
- Mathematics
- Category
- Mathematics
- Topic
- —
- Difficulty
- medium
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