A) \[8\frac{4}{7}\]
B) \[5\frac{7}{4}\]
C) \[8\frac{4}{7}%\]
D) \[5\frac{7}{4}\]
Correct Answer: C
Solution :
Cost price includes overhead expenses also. Therefore, C.P. = Rs \[(2400+400)\] = Rs 2800 and S.P. = Rs 2560. Since, S.P.< C.P., There is a loss. Loss = C.P. - S.P. = Rs \[(2800+2560)\] = Rs 240. Loss percent = Loss/(C.P.) \[\times \] 100 \[=(240/2800)\times 100\] \[=(240\times 100)/2800=60/7\] \[=8\frac{4}{7}%\]You need to login to perform this action.
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