If selling price of ashirt is 35 percent of its cost price, then what is the loss percentage?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 65 percent.
The cost price = C
The selling price ( SP) = 35%
⇒SP = 0.35 × C
⇒ Loss = C - SP = C - 0.35C = 0.65C
⇒ Loss percentage = Loss / Cost Price × 100 = 0.65C / C × 100 = 65%