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The cost price of 8 boxes is equal to the selling price of 9 boxes. What is the profit or loss percentage in the transaction?1. 12.5% loss2. 12.5% profit3. 11.11% loss4. 11.11% profit |
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Answer» Correct Answer - Option 3 : 11.11% loss Given: The cost price of 8 box = the selling price of 9 box Formula Used: Loss percentage = {(C.P – S.P)/C.P} × 100 Calculation: Let the C.P of each box be Rs 1 C.P of 9 boxes = Rs. 9 C.P of 8 boxes = Rs. 8 S.P of 9 boxes = Rs. 8 Loss at 9 boxes = Rs. (9 – 8) = Rs. 1 Loss % = 1/9 × 100 = 100/9 % = 11.11% ∴ Loss% is 11.11% |
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