A wholeseller buys an article for Rs 42 and sells it for Rs 36. What is his loss percent?

Options

A. `14.28`
B. 20
C. ` 16.67`
D. `11.11`

Answer

To find the loss percent, we can follow these steps:

### Step 1: Identify the Cost Price (CP) and Selling Price (SP)
- The Cost Price (CP) of the article is Rs 42.
- The Selling Price (SP) of the article is Rs 36.

### Step 2: Calculate the Loss
- Loss = CP - SP
- Loss = 42 - 36 = Rs 6

### Step 3: Calculate the Loss Percentage
- Loss Percentage = (Loss / CP) × 100
- Loss Percentage = (6 / 42) × 100

### Step 4: Simplify the Calculation
- To simplify (6 / 42), we can divide both the numerator and denominator by 6:
- 6 / 42 = 1 / 7
- Now, we can calculate:
- Loss Percentage = (1 / 7) × 100

### Step 5: Calculate the Final Value
- To find (1 / 7) × 100, we can perform the division:
- 100 ÷ 7 = 14.2857 (approximately)
- Therefore, the Loss Percentage is approximately 14.29%.

### Final Answer
- The loss percent is approximately **14.29%**.

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