By selling 72 articles, a loss equal to the selling price of 8 articles was incurred. What is the loss percentage?
let selling price (sp) of one article be x then for 8 article 8x and for 72 articles 72x Cost price (cp) of 72 article is 72x+8x=80x loss percentage(loss%)= lost / Cost price × 100 loss percentage = 8x / 80x × 100 loss percentage=10%
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