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Asmita bought a saree for ₹4,800 and sold it for ₹4,200 after 1 year. Find her loss percentage.

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  1. 10.25%
  2. 11.85%
  3. 11%
  4. 12.5%

Answer (Detailed Solution Below)

Option 4 : 12.5%
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Detailed Solution

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Given:

Cost Price (CP) = ₹4,800

Selling Price (SP) = ₹4,200

Formula used:

Loss Percentage =

Where, Loss = Cost Price - Selling Price

Calculations:

Loss = ₹4,800 - ₹4,200

⇒ Loss = ₹600

Loss Percentage =

⇒ Loss Percentage =

⇒ Loss Percentage = 12.5%

∴ The correct answer is option (4).

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