CBSE Class 8 Answered
David bought 100 erasers for Rs.250. He was not very good at calculation and made a mistake in fixing his selling price. When he sold his erasers, he incured a loss equal to the selling price of 25 erasers. Find his loss percent?
Asked by jaiswalsindhuli717 | 10 Sep, 2018, 04:09: PM
Expert Answer
Cost price of 100 erasers = Rs. 250
Let,
the selling price of one eraser = x
Total selling price = 100x
Total loss = selling price of 25 erasers = 25x
We know that,
Loss = C.P - S.P
25x =250 - 100x
125x = 250
x = 2
Loss = 25x = 25 × 2 = 50
Loss percent = 
Answered by Yasmeen Khan | 11 Sep, 2018, 10:57: AM
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