A businessman sells his goods at a loss of 12.5% on the selling price. Find his loss percentage.

Correct option is D

Given:

Loss of businessman on selling price = 12.5%

Formula Used:

​$$Loss \% = \frac{Loss}{Cost\ Price} \times 100$$​​

Loss = CP - SP

Solution:

Let the selling price be 100

Then loss on selling price = 12.5% of 100 = 12.5

CP = SP + Loss  = 100 + 12.5 = 112.5

Loss Percentage =$$\frac{12.5}{112.5} \times 100 =\frac{100}{9}= 11\frac{1}{9}\%$$​​