An article having cost price Rs. 80 is s

CUET Preparation Today

Start Free Mocks

Home Questions K98CW8QDN7

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

An article having cost price Rs. 80 is sold for Rs. 68. The loss percent is:

Options:

12%

15%

$17 \frac{11}{17}$%

20%

Correct Answer:

15%

Explanation:

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%