Multiple choice

If the cost price is 130% of the selling price, what is the loss percentage?

  1. 30%

  2. 34%

  3. 23%

  4. 36%

  5. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
AI explanation

Let the selling price be 100, making the cost price 130 since it is 130 percent of the selling price. Using the loss percentage formula, Loss Percentage equals (Cost Price minus Selling Price) divided by Cost Price multiplied by 100. The loss percentage is (130 minus 100) divided by 130 multiplied by 100, which is approximately 23 percent.

Keep practicing — related questions