A seller offers a combo deal: "Buy 3 shirts for the price of 2". If each shirt costs him ₹300, what is the effective loss percentage?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 33.33%.
Cost price of 1 shirt = ₹300
Cost price of 3 shirts = 3 × 300 = ₹900
“3 for price of 2” ⇒ selling price = 2 × 300 = ₹600
Loss = 900 − 600 = ₹300
Loss % = × 100 = 33.33%