If the cost price of 28 cricket bats is the same as the selling price of 32 cricket bats, then the loss percentage is:
Given:
Cost price of 28 cricket bats = Selling price of 32 cricket bats
Formula Used:
Loss % = (Loss ÷ Cost Price) × 100
Loss = Cost Price - Selling Price
Solution:
Let the cost price of one cricket bat = ₹1
Total cost price of 28 cricket bats = ₹28
Total selling price of 32 cricket bats = ₹28 (as given)
Selling price of one cricket bat = ₹= ₹0.875
Loss = ₹1 - ₹0.875 = ₹0.125
Loss % = × 100 = 12.5%
Alternate Solution:
Cost price of 28 bats = Selling price of 32 bats
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