If the cost price of 28 cricket bats is the same as the selling price of 32 cricket bats, then the loss percentage is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 12.5%.
Let cost price of 1 bat = ₹1 (for simplicity) → CP of 28 bats = 28
Selling price of 32 bats = 28 → SP of 1 bat = 28 ÷ 32 = 7/8
Loss per bat = CP − SP = 1 − 7/8 = 1/8
Loss % = (Loss ÷ CP) × 100 = (1/8 ÷ 1) × 100 = 12.5%