The selling price of a bulb is half of its cost price. What is the loss percentage?
Answer & explanation
Correct answer: option 4
Selling price = Half of the cost price
Selling price : cost price = 1 : 2
Loss% = 1 × \(\frac{100}{2}\) = 50%
The selling price of a bulb is half of its cost price. What is the loss percentage?
Correct answer: option 4
Selling price = Half of the cost price
Selling price : cost price = 1 : 2
Loss% = 1 × \(\frac{100}{2}\) = 50%