Gaurav bought some articles at 5 for ₹6 and sold them at 10 for ₹11. His loss percentage is:
Answer & explanation
Correct answer: option 1
Quantity CP
Bought items = 5 6
Quantity SP
Sold items = 10 11
Make quantity equal by multiplying bought items by 2
Bought 10 12
Sold 10 11
Loss = 12 - 11 = 1
Loss% = 1 × \(\frac{100}{12}\) = $8\frac{1}{3}$%