By selling a cloth that is m long, a draper loses an amount equal to the selling price of m of cloth. What is his loss %?
By selling a cloth that is m long, a draper loses an amount equal to the selling price of m of cloth. What is his loss %?
Solution
✅ Correct Option: 3
The draper sells m of cloth and his loss equals the selling price of m of cloth.
Let Cost Price of m cloth and Selling Price of m cloth .
Cost Price of m cloth
Selling Price of m cloth
Loss
Loss equals selling price of m cloth:
Loss
Cost Price
Loss
Therefore, the loss percentage is or .