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If the cost price of an article is Rs.55...

If the cost price of an article is Rs.55 and the sell-ing price is Rs.44, then the loss in this transaction is _________and the loss % is___________.

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The correct Answer is:
`Rs.11;20%`
Loss `=Rs.(55-44)=Rs.11`
`Loss%=(11)/(55)xx100%=(1)/(5)xx100%=20%`
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PEARSON IIT JEE FOUNDATION-PERCENTAGES AND THEIR APPLICATIONS -Very Short Answer Type Questions
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