WBCS.LIVE practice question

By selling an item for Rs.222, A person incurs a loss of Rs.48. What is the percentage of loss incurred in the transaction?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

$18 \frac{8}{9} %$
$17 \frac{7}{9} %$
$16 \frac{7}{18} %$
$21 \frac{23}{37} %$

Correct answer and explanation

Correct answer: $17 \frac{7}{9} %$