Question

The selling price of an article is seven eighths of its cp. What is the loss percent?

Answer 1

1/8*100
12.5% loss


hope helped
thanks
mark brainliest if the ans is right

Answer 2

sp= 7/8 cp
sp/cp = 7/8
loss percentage = {(cp-sp)/cp}*100
= {(cp/cp)-(sp/cp)}*100= (1-7/8)*100 = (1/8)*100 = 25/2= 12.5 %