Question 75

On selling 36 mobiles, a mobile vendor got a loss equivalent to the selling price of four mobiles. The loss percent is:

Solution

Let's assume the selling price of one mobile is Rs. 1.

Selling price of 36 mobiles = 36$$\times$$ Rs. 1

= Rs. 36

Loss on 36 mobiles = selling price of 4 mobiles = Rs. 4

Cost price of 36 mobiles = Selling price of 36 mobiles + Loss on 36 mobiles

= Rs. 36 + Rs. 4

= Rs. 40

loss percent = $$\frac{loss}{\cos t\ price}\times100$$

= $$\frac{4}{40}\times100$$

= 10%

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