Question : If the selling price of 318 articles is equal to the cost price of 212 articles, then what is the loss percentage?
Option 1: $20$
Option 2: $33\frac{1}{3}$
Option 3: $40$
Option 4: $33\frac{2}{3}$
Correct Answer: $33\frac{1}{3}$
Solution : Let the cost price of 1 article be Rs. $x$. Selling price of 1 article $=\frac{212}{318}x$ Loss percentage $=\frac{x-\frac{212}{318}x}{x} × 100 = 33\frac{1}{3}$% Hence, the correct answer is $33\frac{1}{3}$.
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