The selling price and the cost price of a cup are Rs576 and Rs800 respectively. What is the loss percentage?
This questions was previously asked in
SSC MTS 13th July 2022 Shift-2
Explanation:
- To calculate the loss percentage, use the formula: \(\text{Loss Percentage} = \left(\frac{\text{Cost Price} - \text{Selling Price}}{\text{Cost Price}}\right) \times 100\).
- Given, the cost price (CP) is Rs800, and the selling price (SP) is Rs576.
- Calculate the loss: \(\text{Loss} = \text{CP} - \text{SP} = Rs800 - Rs576 = Rs224\).
- Now, find the loss percentage: \(\left(\frac{224}{800}\right) \times 100 = 28\%\).
- Option 2: 28% is the correct answer.
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By: santosh