A person has a loss of 30 percent on selling price. What will be his loss percentage on the cost price?
Show answer & explanation
Correct answer: D
Explanation
Loss on selling price = 30%
Let the selling price = ₹100
Loss = ₹30
Cost price = 100 + 30 = ₹130
Loss percentage on cost price = (30/130) × 100 = 23.08%