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Rahul purchased a table for Rs. 1260 and...

Rahul purchased a table for Rs. 1260 and due to some scratched on its top he had to sell it for Rs. 1197. Find his loss percent.

A

25 %

B

20 %

C

15 %

D

5 %

Text Solution

AI Generated Solution

The correct Answer is:
To find the loss percentage incurred by Rahul when selling the table, we can follow these steps: ### Step-by-Step Solution: 1. **Identify the Cost Price (CP) and Selling Price (SP)**: - Cost Price (CP) = Rs. 1260 - Selling Price (SP) = Rs. 1197 2. **Calculate the Loss**: - Loss = Cost Price - Selling Price - Loss = 1260 - 1197 - Loss = Rs. 63 3. **Calculate the Loss Percentage**: - The formula for Loss Percentage is: \[ \text{Loss Percentage} = \left( \frac{\text{Loss}}{\text{Cost Price}} \right) \times 100 \] - Substitute the values: \[ \text{Loss Percentage} = \left( \frac{63}{1260} \right) \times 100 \] - Calculate the fraction: \[ \frac{63}{1260} = 0.05 \] - Now multiply by 100: \[ \text{Loss Percentage} = 0.05 \times 100 = 5\% \] 4. **Conclusion**: - The loss percentage incurred by Rahul is **5%**.
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