The percentage of loss is 4%. This is calculated by first finding the loss amount (Cost Price - Selling Price), which is Rs. 20, and then dividing that by the cost price (Rs. 500) and multiplying by 100.
Ali spends Rs. 500 to get a shirt and sells it at Rs. 480. Find percentage of loss?
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Question context
This question is part of 📏 Arithmetic Aptitude within the broader 🧠 Aptitude Mastery subject and appears in the ASF Airports Security Force preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.