A vendor loses the selling price of 4 oranges on selling 36 oranges. His loss percentage is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e 10%.
Loss = Selling price of 4 oranges
Cost price of 36 oranges = Selling price of 36 oranges + Loss
Let the selling price of 1 orange = ₹1
Then,
Selling price of 36 oranges = ₹36
Loss = ₹4
So, Cost price = ₹36 + ₹4 = ₹40
Loss % = (Loss / Cost Price) × 100 = (4 / 40) × 100 = 10%