By selling 72 articles, a loss equal to the selling price of 8 articles was incurred. What is the loss percentage?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 10%
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Concept |
Understanding |
Application |
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CP = SP + Loss Loss % = [CP – SP]/CP × 100 |
Let the SP of an article = Rs. 1 SP of 72 articles = Rs. 72 Loss = 8 articles = Rs. 8 |
CP = 72 + 8 = Rs. 80 Loss % = [80 – 72]/80 × 100 = 800/80 = 10% |