Question

An article is sold for Rs 500 at 25% gain. If an article is sold for Rs.250. What is loss percentage?

Answer 1

The loss percentage is 37.5%

Explanation:

Cost Price = 500 × 100/125 = 400

New selling price = Rs. 250 ⇒ Loss = 400 – 250 = 150

Loss percentage = 100 × 150/400 = 37.5%.