Sam purchases a book at Rs 490 and sells it at Rs 465.50. What is the percentage of his loss?
(A) 6%
(B) 10%
(C) 5%
(D) 4%
Answer: (C)
Explanation: CP of the book = Rs 490.00.
SP of the book = Rs 465.50.
Loss = Rs (490.00 – 465.50) = Rs 24.50.
Hence, the required percentage = (24.50/490 × 100)% = 5%.
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