Q. A person sells an article for ₹1380 and gains 15%. What would be his loss percentage if he sold the same article for ₹1020?
✅ Correct Answer: (C)
15%
Explanation: CP = 1380 × 100/115 = ₹1200. Loss = 1200 - 1020 = ₹180. Loss% = 180/1200 × 100 = 15%. Therefore, the correct answer is option3.
Explanation by: Krishna Sharma
CP = 1380 × 100/115 = ₹1200. Loss = 1200 - 1020 = ₹180. Loss% = 180/1200 × 100 = 15%. Therefore, the correct answer is option3.