By selling 72 articles, the loss equal to the selling price of 8 articles was incurred. Find the loss percent.
Answer & explanation
Correct answer: option 3
ATQ,
72C - 72S = 8S
72C = 80S
⇒ 9C = 10S
C → 10, S → 9
Loss % = \(\frac{(10-9)}{10}\) × 100 = 10%