Question

By selling 24 pens, Kranthi lost an amount equal to the CP of 3 pens. Find his loss percentage.

Answer 1

Let us assume that cost price of each pen is Re 1
⟹⟹ CP of 24 pens =24=24
Loss == CP of 3 pens =3×1=3=3×1=3
⟹⟹ Loss Percentage =(LossCP×100)=324×100=12.5%=(LossCP×100)=324×100=12.5%
∴∴ Kranthi's loss is 12.5%.