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    Raman buys an article for Rs. 1,00,000 and sells it to Mohit for Rs. 1,20,000. Mohit again sells the same article to Rashmi for Rs. 1,00,000. What is
    Question

    Raman buys an article for Rs. 1,00,000 and sells it to Mohit for Rs. 1,20,000. Mohit again sells the same article to Rashmi for Rs. 1,00,000. What is the percentage loss faced by Mohit?

    A.

    1623\frac{2}{3}%

    B.

    1813\frac{1}{3}%​

    C.

    20%

    D.

    15%

    Correct option is A

    Selling Price For Raman = Cost Price of Mohit 

    Cost Price of article = 1,20,000

    Selling Price of article = 1,00,000

    Loss Percentage = S.P.C.PC.P×100\frac{S.P.- C.P}{C.P} \times 100 = 20,0001,20,000×100=1623%\frac{20,000}{1,20,000}\times 100 = 16 \frac{2}{3} {\%}​​

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