Amar purchased a bag for ₹600/- and sold it for ₹540/-. What is his loss percentage?

Options

A. 0.05
B. 0.15
C. 0.1
D. 0.2

Answer

To find Amar's loss percentage from the transaction, we can follow these steps:

### Step 1: Identify the Cost Price (CP) and Selling Price (SP)
- Cost Price (CP) = ₹600
- Selling Price (SP) = ₹540

### Step 2: Calculate the Loss
To find the loss, we subtract the Selling Price from the Cost Price:
\[ \text{Loss} = \text{CP} - \text{SP} = 600 - 540 = ₹60 \]

### Step 3: Calculate the Loss Percentage
The formula for calculating loss percentage is:
\[ \text{Loss Percentage} = \left( \frac{\text{Loss}}{\text{CP}} \right) \times 100 \]
Substituting the values we have:
\[ \text{Loss Percentage} = \left( \frac{60}{600} \right) \times 100 \]

### Step 4: Simplify the Calculation
Calculating the fraction:
\[ \frac{60}{600} = 0.1 \]
Now, multiply by 100 to convert to percentage:
\[ 0.1 \times 100 = 10\% \]

### Conclusion
Thus, Amar's loss percentage is **10%**.

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