### Question : Rohit buys an old bat for Rs 2320 and spends Rs 180 on its repairing. If he sells it for Rs. 2400 , then what is the loss

- 10 percent
- 5 percent
- 8 percent
- 4 percent

Answer: 4 is the correct answer

Solution :

Total money spend on the bat by Rohit (cost price)= Rs 2320+180 = Rs 2500

Total loss occur= Total money- selling price

= Rs 2500-2400= Rs 100

Total loss percentage= total loss occur/Total money spend(cost price)= = 4 percent loss