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If a trader estimates his loss as 10% of the selling price, what is his real loss percent?A. `(100)/(8)%`B. `(100)/(11)%`C. `(100)/(13)%`D. `(100)/(7)%` |
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Answer» Correct Answer - B `((CP-SP))/(SP) = (10)/(100)` 10 CP = 11 SP, now let CP = 1 So CP of 11 items = 11 and SP = 10, Loss percent ` = ((11-10)/(11) xx 100) % = (100)/(11)%` |
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