Correct Answer - Option 4 : Rs. 88

**Given:**

The selling price of an article is = Rs. 616

Profit obtained = 12%

New SP of the article = Rs 462

**Concept used:**

Selling price = Cost price × (100 + P)%

Selling price = Cost price - loss

**Calculation:**

616 = Cost price × (100 + 12)/100

616 × 100/112 = Rs 550 = cost price

Loss = Cost price - Sellinf price

Loss = 550 - 462 = Rs 88.

**∴ The will be a loss of Rs 88 if the article is sold at Rs 462.**