A bat is bought for Rs. 120 and sold for Rs.105. The loss per cent is A. 15% B. 12(1/2)% C. 16(2/3)% D. 141%

Question

A bat is bought for Rs. 120 and sold for Rs.105. The loss per cent is 

A. 15%

B. \(12\frac{1}{2}\%\)

C. \(16\frac{2}{3}\%\)

D. 141%

Answer 1

CP = Rs.120 

SP = Rs.105 

Loss = CP – SP 

= 120 -105 

= Rs.15

\(Loss\%=\frac{Loss\,\times\,100}{CP}\)

\(=\frac{15\,\times\,100}{120}\)

= 12.5%