Raju purchased glasses at the rate of Rs. 15 per glass and sold them at the rate of Rs. 12 per glass. On selling 42 glasses, what will be the loss percentage?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 20%.
| Understanding/Application |
|
Loss % of 42 glasses = Loss % of 1 glass Loss % = [(15 - 12) × 100]/15 |
| Loss % = 100/5 = 20% |