“A” sold a pen Rs. 180. This was Rs 60 less than. What “A” paid for it. What was A loss as percentage of his cost price?
- 25%
- 100
- 50%
- 75%
Explanation
"A" sold the pen for Rs. 180.
This was Rs. 60 less than what "A" paid for it, so the cost price was:
Rs. 180 (selling price) + Rs. 60 (loss) = Rs. 240 (cost price)
To find the loss as a percentage of the cost price, divide the loss by the cost price and multiply by 100:
Loss = Rs. 60
Cost price = Rs. 240
Loss percentage = (Loss ÷ Cost price) × 100 = (60 ÷ 240) × 100 = 25%
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