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By selling 72 articles, a loss equal to the selling price of 8 articles was incurred. What is the loss percentage?
9 1/9%
11 1/9 %
10%
12%
So let selling price (sp) of one article be x then for 8 article 8x and for 72 articles 72x Cost price (cp) of 72 article is 72x+8x=80x loss percentage(loss%)=loss/costprice×100 loss percentage = 8x / 80x ×100 loss percentage=10%
Hence option 3 is the correct answer.
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