Question

Tick (✓) the correct answer:
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

$$\begin{gathered} \left(\mathrm{b}\right)12\frac{1}{2}\% \\ \mathrm{CP}=\mathrm{Rs}120 \\ \mathrm{SP}=\mathrm{Rs}105 \\ \mathrm{Loss}=\mathrm{Rs}\left(120-105\right) \\ =\mathrm{Rs}15 \\ \therefore \mathrm{Loss}\mathrm{percentage}=\left(\frac{\mathrm{loss}}{\mathrm{CP}}\times 100\right) \\ =\left(\frac{15}{120}\times 100\right) \\ =12\frac{1}{2}\% \end{gathered}$$