An article having cost price Rs. 80 is sold for Rs. 68. The loss percent is:
Answer & explanation
Correct answer: option 2
Cost Price = Rs. 80
Selling Price = Rs. 68
Loss percentage = (Loss/CP) × 100
Loss = CP - SP = Rs. 80 - Rs. 68 = Rs. 12
Loss Percentage = (Loss/CP) × 100 = (12/80) × 100 = 15%