A book seller gets a profit of 10% if he sells a book in 100 rupees. What will be his loss on sellin

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27 Apr 2021 Loss

A book seller gets a profit of 10% if he sells a book in 100 rupees. What will be his loss on selling it in 80 rupees?

OPtion

1) 14%
2) 18%
3) 5.5%
4) 5.75%
5) 11.5%
6) 10%
7) 12.5%
8) 15%
9) 12%
10) None of the above

Solution

Original price of the object = 100/1.1
On selling the object in 80 rupee amount received = 80/(100/1.1)
= 88 %
Hence % loss = (100 - 88) % = 12 %

Correct Option: 9 Best Solution (2)