Lekhraj sells an article at a profit of 25%. If the cost price is increased by 20% and the selling price is reduced by 10%, what percentage loss will Lekhraj incur?
6.25%
Let the original cost price be ₹100. Then original selling price \(= 100 \times 1.25 = ₹125\).
New cost price (increased by 20%) \(= 100 \times 1.20 = ₹120\).
New selling price (reduced by 10%) \(= 125 \times 0.90 = ₹112.50\).
Since new selling price (112.50) < new cost price (120), there is a loss.
Loss \(= 120 - 112.50 = ₹7.50\).
Percentage loss \(= \frac{7.50}{120} \times 100 = 6.25\%\).
Hence, Lekhraj incurs a loss of 6.25%.
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