Question
If a person loses Rs 20 by selling an item for Rs 140
then what is the loss percentage?Solution
Selling Price (SP) = ₹140 & Loss = ₹20 (given) Loss = Cost Price − Selling Price So,Cost Price =Selling Price + Loss =₹ 140 + ₹20 = ₹160 Loss % = 20/160 x 100 = 12.5%Selling Price (SP) = ₹140 & Loss = ₹20 (given) Loss = Cost Price − Selling Price So,Cost Price =Selling Price + Loss =₹ 140 + ₹20 = ₹160 Loss % = 20/160 x 100 = 12.5%
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