Question

Mohit bought 100 erasers for ₹250.he was not very good at calculations and made a mistake in fixing his selling price. When he sold his erasers he incurred a total loss equal to the selling of 25 erasers. Find his loss per cent.

Answer 1

let SP of 25 erasers be $25
CP=250+25=$275
L%=L/CP×100
L%=25/275×100
=1/11×100=100/11% or 9 whole 1/11%