Question

A man purchased a flat for rs.1275000 .he sold it for rs.1249500.find his profit or loss per cent.

Answer 1

Purchase Price = Rs 1275000

Selling Price  = Rs 1249500

Since Rs 1275000 > Rs 1249500 ⇒ It is a loss

Loss = 1275000 - 1249500 = Rs 25500

Loss percentage = 25500/1285000 x 100 = 2%

The flat was sold with a loss of 2%