On selling an article for Rs. 200, a man loses Rs. 20. Find his profit per cent.A10%B9*1/11%C11*1/9%D20%
Question
Solution
The problem states that a man sells an article for Rs. 200 and in doing so, he loses Rs. 20. This means that the cost price of the article is Rs. 200 + Rs. 20 = Rs. 220.
If he had sold the article at cost price, he would have neither gained nor lost. But he sold it for Rs. 200, which is Rs. 20 less than the cost price. This is his loss.
The formula to calculate loss percentage is:
Loss % = (Loss / Cost Price) * 100
Substituting the given values:
Loss % = (20 / 220) * 100 = 9.09%
So, the closest answer is B: 9*1/11%.
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