The selling price of 80 items is equal to the cost price of 72 items. What is the percentage of loss incurred in the transaction?
- A9%
- B11
9
1
% - C12%
- D10%
Solution & Step-by-step Explanation
Given:
80×SP=72×CP
CP
SP
=
80
72
=
10
9
Let CP=10 and SP=9.
Loss=CP−SP=10−9=1
Loss %=(
CP
Loss
)×100=(
10
1
)×100=10%
80×SP=72×CP
CP
SP
=
80
72
=
10
9
Let CP=10 and SP=9.
Loss=CP−SP=10−9=1
Loss %=(
CP
Loss
)×100=(
10
1
)×100=10%