Discussion
An article was sold at a loss of Rs. 400 for Rs. 3600. Find the loss percent.
Answer: C
The loss is 10%.
Loss percent is always on the cost price. The cost price is the selling price plus the loss:
\[ \begin{aligned} CP &= 3600 + 400 = 4000 \\ \text{loss}\ \% &= \frac{400}{4000} \times 100 = 10 \end{aligned} \]
11% (more exactly 11.1%) comes from dividing the loss by the selling price, 3600, instead of the cost price. 15% and 8% match neither base.
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