Question
To clear the old stock of shoes, a shopkeeper offers
four pairs of shoes for the price of three pairs at their cost price. Determine the percentage loss incurred by the shopkeeper for each box of shoes sold.Solution
ATQ, Let the cost price of each shoes be Rs. 100 Therefore, cost price of 4 shoes = 4 × 100 = Rs. 400 Selling price of 4 shoes = 3 × 100 = 300 Loss % = {(400 – 300)/400} × 100 = 25%
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