On selling 36 oranges, a vendor loses the selling price of 4 oranges. Find his loss percent.
Let cost price and selling price of one orange be Rs. c and Rs. s respectively.
⇒ Cost Price of 36 oranges = 36 × c = 36c and
Selling Price of 36 oranges = 36 × s = 36s
Given Loss = Selling Price of 4 oranges
⇒ Loss = 4s
But, we know Loss = Cost Price – Selling Price
⇒ 4s = 36c – 36s
⇒ 40s = 36c
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We have,
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But, s = 0.9c
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Thus, loss percentage is 10 (that is 10% loss).
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