If selling price of a table is 25 percent of its cost price, then what is the loss percentage?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 75 percent.
Let the cost price of the table = CP
The selling price = SP
SP = 25% of the cost price
so;
⇒ SP = 25% × CP = 25/100 × CP = 1/4 × CP
⇒ SP = CP/4
Loss = CP − SP
⇒ Loss = CP − CP/4 = 4CP/4 − CP/4 = 3CP/4
Loss Percentage = Loss/CP × 100
⇒ Loss Percentage = (3CP/4)/CP × 100 = 3/4 × 100 = 75%