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If by selling 20 cycles Vinay incurs a l...

If by selling 20 cycles Vinay incurs a loss equal to the selling price of 2 cycles, find his loss percentage.
A. `10%`
B. `11%`
C. `13 (1)/(3)%`
D. `9(1)/(11)%`

A

B

B

D

C

A

D

C

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the loss percentage incurred by Vinay when selling 20 cycles. Here’s a step-by-step breakdown of the solution: ### Step 1: Define the Selling Price of One Cycle Let the selling price (SP) of one cycle be denoted as \( SP = 1 \). ### Step 2: Calculate the Selling Price of 20 Cycles The selling price of 20 cycles would then be: \[ SP_{20} = 20 \times SP = 20 \times 1 = 20 \] ### Step 3: Understand the Loss According to the problem, the loss incurred by Vinay is equal to the selling price of 2 cycles. Therefore, the loss (L) can be calculated as: \[ L = SP_{2} = 2 \times SP = 2 \times 1 = 2 \] ### Step 4: Calculate the Cost Price The cost price (CP) of the 20 cycles can be found using the formula: \[ CP = SP + L \] Substituting the values we have: \[ CP = 20 + 2 = 22 \] ### Step 5: Calculate the Loss Percentage The loss percentage can be calculated using the formula: \[ \text{Loss Percentage} = \left( \frac{L}{CP} \right) \times 100 \] Substituting the values: \[ \text{Loss Percentage} = \left( \frac{2}{22} \right) \times 100 = \frac{200}{22} \approx 9.09\% \] ### Step 6: Simplify the Loss Percentage To express \( \frac{200}{22} \) in a simpler form: \[ \frac{200}{22} = \frac{100}{11} \approx 9.09\% \] This can also be expressed as: \[ 9 \frac{1}{11}\% \] ### Conclusion Thus, the loss percentage incurred by Vinay is \( 9 \frac{1}{11}\% \). ### Final Answer The correct option is **D. \( 9 \frac{1}{11}\% \)**. ---
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