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The loss incurred on selling an article ...

The loss incurred on selling an article for Rs. 720 is Rs. 360. Find the loss percentage.

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The correct Answer is:
`33(1)/(3)%`
SP = Rs. 720, Loss = Rs. 360
`CP=SP+"Loss"=Rs. 720+Rs. 360`
=Rs. 1080
`:."Loss percentage"=("Loss")/(CP)xx100%`
`=(360)/(1080)xx100%=(1)/(3)xx100%`
`33(1)/(3)%`
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