Correct Answer - Option 2 : 13.75%
Given:
Marked price (M.P) of shirt = Rs. 460
The marked price is 15% more than the cost price.
Formula Used:
Loss% = {(C.P. - S.P.)/(C.P.)} × 100
S.P = [(100 - Discount%)/100] of M.P.
Where,
C.P. = Cost Price
S.P. = Selling Price
Calculation:
M.P. = Rs. 460
According to the question,
115% of C.P. = M.P.
⇒ 23/20 × C.P. = 460
⇒ C.P. = Rs. 400
Discount = 25%
⇒ S.P. = 75% of M.P..
⇒ S.P. = (75/100) × 460
⇒ S.P. = Rs. 345
As per formula,
Loss% = {(C.P. - S.P.)/(C.P.)} × 100
⇒ Loss% = {(400 - 345)/400} × 100
⇒ Loss% = 55/400 × 100
⇒ Loss% = 13.75
∴ The loss percentage is 13.75%.
