If by selling 20 cycles Vinay incurs a loss equal to the selling price of 2 cycles, find his loss percentage.
1). 10%
2). 11%
3). 13 1/3 %
4). 9 1/11 %
According to question,
20 (c.p - s.p) = 2 × s.p
10 c.p = 11 s.p
$(s.p \div c.p = \frac{{10}}{{11}})$
Loss percentage = (1 - s.p/c.p)× 100
$(= \left( {1 - \frac{{10}}{{11}}} \right) \times 100)$
= 1/11 × 100
= 9 1/11 %1. A table is bought for Rs.400/- and sold at Rs.500/- find gain or loss percentage
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