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A person buys 100 cups at $ 10 each. On the way 10 cups are broken. He sells the remaining cups at $ 11 each. His loss per cent is
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1 % 2 - 1%
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1 1 % 2 - 2%
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Correct Option: B
As per the given in question ,
CP of 1 cup = $ 10
∴ CP of 100 cups = $ 100 × 10 = $ 1000
If 10 cups are broken.
∴ SP of 90 cups = $ (90 × 11) = $ 990
Loss = CP of 100 cups - SP of 90 cups = $ (1000 – 990) = $ 10
| ∴ Loss percent = | × 100 | CP of 100 cups |
| Loss percent = | × 100 = 1% | 1000 |
