Question 66
The selling price and the cost price of a cup are ₹576 and ₹800 respectively. What is the loss percentage?
Solution
The selling price and the cost price of a cup are ₹576 and ₹800 respectively.
loss percentage = $$\frac{\left(cost\ price - selling\ price\right)}{cost\ price}\times\ 100$$
= $$\frac{\left(800-576\right)}{800}\times\ 100$$
= $$\frac{224}{800}\times\ 100$$
= 28%
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