The loss percentage is approximately 9%.
Explanation:
To find the loss percentage, we'll use the formula:
[tex]\[ \text{Loss \%} = \frac{{\text{Cost Price - Selling Price}}}{{\text{Cost Price}}} \times 100\% \][/tex]
Given:
Cost Price (CP) = Rs. 1875
Selling Price (SP) = Rs. 1706.25
Substituting the values into the formula:
[tex]\[ \text{Loss \%} = \frac{{1875 - 1706.25}}{{1875}} \times 100\% \][/tex]
[tex]\[ \text{Loss \%} = \frac{{168.75}}{{1875}} \times 100\% \][/tex]
[tex]\[ \text{Loss \%} = \frac{{168.75}}{{1875}} \times 100\% \][/tex]
[tex]\[ \text{Loss \%} ≈ 0.09 \times 100\% \][/tex]
[tex]\[ \text{Loss \%} ≈ 9\% \][/tex]
Therefore, the loss percentage is approximately 9%.
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