Question 70

# Deepti bought a set of cups for ₹ 175, but then had to sell it later to clear old stocks for ₹ 161. What is the percentage of loss that she had to incur?

Solution

$$Percentage loss =(( cost price - sell price)\div cost price)\times 100.$$

$$Cost price of cups = 175 and Selling price = 161.$$

So,

$$percentage loss$$

$$=((161-175))\div 175)\times 100$$

$$=(-14\div 175)\times 100$$

$$=(-0.08\times 100)$$

$$=-8 percent$$ (negative sign indicates loss).

So, option B is correct.