Question 114

If the selling price of 318 articles is equal to the cost price of 212 articles, then what is the loss percentage?

Solution

Let cost price of 1 article is x

Selling price of 318 articles = 212 Rs

Cost price of 318 articles = 318 Rs

Profit% = {(318 - 212) / 318} x 100 = (106/318) x 100

$$\Rightarrow$$ (5300/159) = $$33\frac{1}{3}$$

Hence, option B is the correct answer.

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