Question

A man bought a walkman for Rs 1480 and sold it for Rs 1320. Find his gain and loss%

Answer 1

Answer: Loss = Rs 160 and Loss% = 10.8%

Step-by-step explanation:

Cost price (CP) = Rs 1480

Selling price (SP) = Rs 1320.

//Since selling price is less than cost price, it means he made a loss.

loss = CP - SP = 1480 - 1320 = 160

Loss = Rs 160.

Loss % = (Loss * 100) / CP = (160 * 100)  / 1480 = 10.8%