Practicing Success
An article is sold at a loss of 40%. The nominal amount of loss is approximately what percentage of the selling price of the article ? |
66.67% 38.33% 41.33% 51.33% |
66.67% |
Let cost price = 100 Loss = 40% of 100 = 40 Selling price = 100 - 40 = 60 Required percentage = \(\frac{40}{60}\) × 100 = 66.67% |