Multiple choice

If some articles are bought at Rs. 10 each and sold at Rs. 7 each, then what is the loss percentage?

  1. 60%

  2. 16.67%

  3. 25%

  4. 30%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Cost Price = 10, Selling Price = 7. Loss = 3. Loss percentage = (3/10) * 100 = 30%.

AI explanation

Using the loss percentage formula, we calculate the difference between the cost price of 10 and the selling price of 7 to get a loss of 3. Dividing this loss by the cost price gives 3 divided by 10, which equals a 0.30 loss fraction. Multiplying this fraction by 100 gives a 30% loss percentage.

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