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Question : If the selling price of 318 articles is equal to the cost price of 212 articles, then what is the loss percentage?

Option 1: $20$

Option 2: $33\frac{1}{3}$

Option 3: $40$

Option 4: $33\frac{2}{3}$


Team Careers360 24th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: $33\frac{1}{3}$


Solution : Let the cost price of 1 article be Rs. $x$.
Selling price of 1 article $=\frac{212}{318}x$
Loss percentage $=\frac{x-\frac{212}{318}x}{x} × 100 = 33\frac{1}{3}$%
Hence, the correct answer is $33\frac{1}{3}$.

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