Question

A bat is bought for $Rs.120$ and sold for $Rs.105.$ The loss per cent is

(a) $15\%$

(b) $12\frac{1}{2}\%$

(c) $16\frac{2}{3}\%$

(d) $14\frac{1}{5}\%$

Answer 1

The correct option is B: $12\frac{1}{2}\%$

C.P. of bat $=Rs.120$

S.P. $=Rs.105$

Loss $=C.P-S.P=120-105=Rs.15$

Loss $\%=\frac{\text{Loss}}{\text{CP}}\times 100\%$

$=\frac{15\times 100}{C.P.}$

$=\frac{15\times 100}{120}$

$=\frac{25}{2}\%$

$=12\frac{1}{2}\%$.