An article was sold for Rs. 8800 which is of its cost price. The loss percent is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. %
Sp of the article = Rs 8800
ATQ,
8800 = 5/7 CP
CP = 12320
Loss percentage = (CP - SP)/CP × 100 = 3520/12320 × 100 = %