Question

a football is biught for 120 and sold for 105.the loss%is.

Answer 1

CP = 120

SP = 105

Loss = CP - SP

= 120 - 105

= 15

Loss % = Loss * 100 / CP

= 15 * 100 / 120

= 1500/120

= 150/12

= 50/4

= 12.5 %

Answer 2

Cost price of football = 120.

Selling price = 105.

Loss = Cost price- Selling price.

= 120 - 105.

= 15.

Loss or gain percentage is always calculated on cost price.

So Loss % =( loss/Cost price)×100.

=(15/120)×100.%

= (1/8)×100.%

= 12.5% loss.

Hope it helps.