30% loss on cost price in what percent loss on selling price?
1) 30%
2) 20%
3) 15%
4) None of these
Answer: 4
EXP:
Loss = 30% on CP i.e., 0.3CP => SP = 0.7CP
Loss % on SP = loss/SP X 100 = 0.3CP/0.7CP X 100 = 42.85%.
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