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Cost price of 10 blankets is equal to the selling price of 16 blankets. Then what is the loss percentage?1. 30%2. 37.5%3. 42.5%4. 45% |
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Answer» Correct Answer - Option 2 : 37.5% Given: The cost price of 10 blankets = The selling price of 16 blankets Formula Used: Loss percentage = {(CP – SP)/CP} × 100 Calculation: If the CP of G blanket be equal to SP of H blanket, then Loss percent = (H – G)/H × 100 = (16 – 10)/16 × 100 = 6/16 × 100 = 37.5% ∴ Loss % is 37.5% |
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