Question:
Tick (✓) the correct answer:
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) $14 \frac{1}{5} \%$
Solution:
(b) $12 \frac{1}{2} \%$
$\mathrm{CP}=\mathrm{Rs} 120$
$\mathrm{SP}=\mathrm{Rs} 105$
Loss $=\mathrm{Rs}(120-105)$
= Rs15
$\therefore$ Loss percentage $=\left(\frac{\text { loss }}{\mathrm{CP}} \times 100\right)$
$=\left(\frac{15}{120} \times 100\right)$
$=12 \frac{1}{2} \%$
Click here to get exam-ready with eSaral
For making your preparation journey smoother of JEE, NEET and Class 8 to 10, grab our app now.