Question

Mark (✓) against the correct answer
A football is bought for Rs 120 and sold for Rs 105. The loss % is

(a) $12\frac{1}{2}\%$
(b) $14\frac{2}{7}\%$
(c) $16\frac{2}{3}\%$
(d) $13\frac{1}{3}\%$

Answer 1

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

CP of a football = Rs. 120
SP of a football = Rs. 105

CP>SP
∴ Loss = CP - SP = Rs. ( 120 - 105 ) = Rs. 15
$$\begin{gathered} \mathrm{Loss}\%=\left(\frac{\mathrm{Loss}}{\mathrm{CP}}\times 100\right)\% \\ =\left(\frac{15}{120}\times 100\right)\% \\ =\frac{25}{2}\% \\ =12\frac{1}{2}\% \end{gathered}$$