Question 66

If some articles are bought at Rs 10 each and sold at Rs 7 each, then what is the loss percentage?

Solution

Cost price of articles = Rs. 10 and selling price = Rs. 7

$$\therefore$$ Loss percent = $$\frac{(C.P.-S.P.)}{C.P.}\times100$$

= $$\frac{(10-7)}{10}\times100$$

= $$3\times10=30\%$$

=> Ans - (D)

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