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After selling 64 articles, man losses SP of 8 articles. Find gain/loss%.1. 16.67% loss2. 14.28% gain3. 21.50% gain4. 11.11% loss

Answer» Correct Answer - Option 4 : 11.11% loss

Given:

Loss of 64 articles = SP of 8 articles

Concept used:

Loss = CP – SP

Loss% = (Loss/CP) × 100

Calculation:

Loss of 64 articles = SP of 8 articles

⇒ CP of 64 articles – SP of 64 articles = SP of 8 articles

⇒ CP of 64 articles = SP of 72 articles

Let CP of an article be Rs. 1

CP of 72 articles = Rs. 72

SP of 72 articles = Rs. 64

Loss of 72 articles = Rs. (72 – 64) = Rs. 8

Loss% = 8 × 100/72 = 11.11%

Loss% is 11.11%



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