Question

Which of the following is the correct formula for calculating loss percent?

• A. $\text{Loss}\%=\frac{\text{Loss}}{\text{CP}}\times 100$
• B. $\text{Loss}\%=\frac{\text{Loss}}{\text{SP}}\times 100$
• C. $\text{Loss}\%=\frac{\text{SP}}{\text{Loss}}\times 100$
• D. $\text{Loss}\%=\frac{\text{CP}}{\text{Loss}}\times 100$

Answer 1

The correct option is A $\text{Loss}\%=\frac{\text{Loss}}{\text{CP}}\times 100$

The loss percent in a transaction where CP stands for the cost price of the item is as follows:

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