By selling 18 chocolates, a vendor loses the selling price of 12 chocolates. Find his loss percent.

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INSURANCE EXAMS (UIIC) 2012 click here to view all questions

By selling 18 chocolates, a vendor loses the selling price of 12 chocolates. Find his loss percent.

A$\text{9%}$

B$\text{10%}$

C$\text{11%}$

D$\text{12%}$

Nithin ? Aug 11 '2022 at 7:44

Correct answer is: \(\text{10%}\)

Explanation:

If the S.P. of 1 chocolate be Re.1, then

S.P. of 18 chocolates = Rs.18

C.P. = 18 + 2 = Rs.20

\(\therefore \text{Loss percent =} \Large \frac{2}{20} \times 100\)
= 10%

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Correct answer is: \(\text{10%}\) Explanation: If the S.P. of 1 chocolate be Re.1, then S.P. of 18 chocolates = Rs.18 C.P. = 18 + 2 = Rs.20 \(\therefore \text{Loss percent =} \Large \frac{2}{20} \times 100\) = 10% Nithin ? answered Aug 11 '2022 at 7:44 All Comments

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