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If the cost price of an article is Rs. 2, 500 and its selling price is Rs. 2, 375, then the loss percentage is:
Question

If the cost price of an article is Rs. 2, 500 and its selling price is Rs. 2, 375, then the loss percentage is:

A.

3%

B.

5%

C.

4%

D.

6%

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=LossCost Price×100 \text{Loss Percentage} = \frac{\text{Loss}}{\text{Cost Price}} \times 100 ​​
Solution:
Calculate the Loss:
Loss=Cost PriceSelling Price=25002375=125 \text{Loss} = \text{Cost Price} - \text{Selling Price} \\ = 2500 - 2375 = 125 ​​
Calculate the Loss Percentage:
Loss Percentage=1252500×100 =125×1002500=125002500=5% \text{Loss Percentage} = \frac{125}{2500} \times 100 \\ \ \\ = \frac{125 \times 100}{2500} = \frac{12500}{2500} = 5\% \\​​
Thus, The loss percentage is 5% .

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