The selling price of 80 items is equal to the cost price of 72 items. What is the percentage of loss incurred in the transaction?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 10%.
Let CP of 1 item = ₹1
CP of 72 items = ₹72
SP of 80 items = ₹72
SP of 1 item = 72 ÷ 80 = ₹0.9
Loss = 1 - 0.9 = ₹0.1
Loss% = × 100 = 10%