Question

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% loss
2. 12.5% profit
3. 11.11% loss
4. 11.11% profit

Answer 1

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%