Question

After selling 50 articles, man loses SP of 8 articles. Find loss% (approx).
1. 15%
2. 11%
3. 10%
4. 14%

Answer 1

Correct Answer - Option 4 : 14%

Given:

Loss of 50 articles = SP of 8 articles

Concept used:

Loss% = (CP – SP)/CP × 100

Calculations:

Loss of 50 articles = SP of 8 articles

⇒ CP of 50 articles – SP of 50 articles = SP of 8 articles

⇒ CP of 50 articles = SP of 58 articles

Let CP of 1 article be Rs. 1

⇒ CP of 58 articles = Rs. 58

⇒ SP of 58 articles = Rs. 50

Loss = Rs. 8

Loss% = 8 × 100/58 = 13.79% = 14%

∴ Loss% is 14%.