The formula for loss percentage is __

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The formula for loss percentage is ___.

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$\frac{S e l l i n g P r i c e}{L o s s} * 100$

$\frac{L o s s}{C o s t P r i c e} * 100$

$\frac{L o s s}{S e l l i n g P r i c e} * 100$

$\frac{C o s t P r i c e}{L o s s} * 100$

answer is A.

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Detailed Solution

Loss % = $\frac{L o s s}{C o s t P r i c e} * 100$

The Loss percentage is calculated by loss over Cost Price since the profit made is related to Cost Price and not Selling Price. And to convert it into percentage, the fraction must be multiplied by 100.

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