the cost price of 9 articles to the selling price of 11 articles. then the loss percentage is:
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Given:
- Cost Price (C.P.) of 9 articles = Selling Price (S.P.) of 11 articles
To find:
- Loss percentage
Solution:
Let the C.P. of 1 article be ₹1.
C.P. of 9 articles = ₹9
Now, we are given that,
Cost Price (C.P.) of 9 articles = Selling Price (S.P.) of 11 articles
Therefore,
S.P. of 11 articles = ₹9
S.P. of 1 article = ₹
S.P. of 9 articles = ₹
= ₹7.36
Clearly,
S.P. (₹7.36) < C.P. (₹9)
Therefore it is loss.
We know that,
Loss = ₹(9-7.36)
Loss = ₹1.64
Now,
Loss percentage:
Loss percentage on the entire transaction is 18.2%.
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