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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 |
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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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