Correct option is B
Given:
Cost Price (CP) = Rs. 2,500
Selling Price (SP) = Rs. 2,375
Formula Used:
To calculate the loss percentage when the cost price (CP) and selling price (SP) of an article are known, we use the formula:
Loss Percentage=Cost PriceLoss×100
Solution:
Calculate the Loss:
Loss=Cost Price−Selling Price=2500−2375=125
Calculate the Loss Percentage:
Loss Percentage=2500125×100 =2500125×100=250012500=5%
Thus, The loss percentage is 5% .