On selling 36 mobiles, a mobile vendor got a loss equivalent to the selling price of four mobiles. The loss percent is:
Answer & explanation
Correct answer: option 1
Let the selling price of one mobile be Re. x
Then, the selling price of 36 mobiles is Rs. 36x
And the selling price of 4 mobiles is Rs. 4x
The loss of vendor = Rs. 4x
The cost price of the vendor = 36x + 4x = Rs. 40x
Loss% = \(\frac{4x}{40x}\)× 100
Loss% = 10%