Question

If the cost price of an article is 2500 and its selling price is 2375 then the loss percentage is:

• A. 5%
• B. 6%
• C. 3%
• D. 4%

Answer 1

Answer:

A. 5%

loss percentage $=\frac{(CP-SP)}{CP}\times 100$

$= \frac{2500-2375}{2500}\times 100$

$=\frac{125}{2500}\times 100$

$=\frac{12500}{2500}=5$