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Question 64
If by selling 20 cycles Vinay incurs a loss equal to the selling price of 2 cycles, find his loss percentage.
Solution
According to question,
20 (c.p - s.p) = 2 × s.p
10 c.p = 11 s.p
(s.p÷c.p)=10/11.
Loss percentage = (1 - s.p/c.p)× 100
=(1−10/11)×100=(1−10/11)×100
= 1/11 × 100
= 9 1/11 %
D is correct choice.
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