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    By selling a cup for Rs. 1792 a man earns a profit of 12 percent. If he sells it for Rs. 1472, then what will be the loss percent?
    Question

    By selling a cup for Rs. 1792 a man earns a profit of 12 percent. If he sells it for Rs. 1472, then what will be the loss percent?

    A.

    8 percent

    B.

    12 percent

    C.

    15 percent

    D.

    6 percent

    Correct option is A

    Given:
    Selling Price = Rs. 1792
    Profit = 12%
    New Selling Price = Rs. 1472

    Formula Used: 

    Profit%=Selling Price -Cost PriceCost Price×100\text{Profit} \% = \frac{\text{Selling Price -Cost Price}}{\text{Cost Price}} \times 100​​

    Loss %=Cost Price - Selling PriceCost Price×100\text{Loss } \% = \frac{\text{Cost Price - Selling Price}}{\text{Cost Price}} \times 100​​
    Solution:

    C.P=17921.12=1600\text{C.P} = \frac{1792}{1.12} = 1600 ​​
    Loss %=160014721600×100=8% \text{Loss } \% = \frac{1600 - 1472}{1600} \times 100 = 8 \% ​​

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