If a radio is purchased for Rs 490 and sold for Rs 465.50 Find the loss%?	Choose the correct choice from the following:	A) 5 %	B) 4 %	C) 6 %	D) 8 %	E) 7 %

Rationale: c . p = rs 490 s . p = rs 465.50 loss = c . p - s . p = 490 - 465.50 = rs 24.50 loss % = ( loss * 100 ) / c . p % = ( 24.50 * 100 ) / 490 % = 5 % answer a 5 %
Answer: A