A shopkeeper sells 8 items for ₹240, but incurs a loss equal to the cost price of 2 items. What is the loss percent?

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Accepted Answer

1. Let cost price of one item be $x$. Then total CP for 8 items is $8x$.

2. Loss equals CP of 2 items, so $2x=8x-240\Rightarrow x=40$.

3. Total CP $=8	imes40=320$. SP $=	ext{₹}240$. Loss $=320-240=80$.

4. Loss percent $=\dfrac{80}{320}	imes100=25\%$.

FINAL_ANSWER: b

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Answer

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