Exams › SSC CGL (Prelims) › General
A shopkeeper sells 8 items for ₹240, but incurs a loss equal to the cost price of 2 items. What is the loss percent?
- 20%
- 25%
- 40%
- 50%
Correct answer: 25%
Solution
Let the cost price of one item be x. Then total CP of 8 items = 8x. Loss equals CP of 2 items = 2x, so SP = 8x − 2x = 6x. Since SP = ₹240, loss percent = (2x/8x) × 100 = 25%.
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