Question

A merchant bought an article for 5000 dollar and sold it for 4500 dollar. What is his percent loss?​

Answer 1

Step-by-step explanation:

so 500 dollars is less

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Answer 2

➤ Given :-

Cost price of article :- $ 5000

Selling price of article :- $ 4500

➤ To Find :-

Loss percentage of the given sum................

➤ Formula required :-

${\large \tt \dashrightarrow \orange{\boxed{\tt \gray{\dfrac{Loss}{Cost \: Price} \times 100}}}}$

➤ Solution :-

First, we should find the loss of the article by subtracting the cost price and the selling price.........

Loss :-

$\tt \longrightarrow 5000 - 4500$

$\tt \longrightarrow 500 \: \sf \: Dollars$

Now,

Loss percentage :-

${\tt \longrightarrow \dfrac{500}{5000} \times 100}$

${\tt \longrightarrow \dfrac{500}{\cancel{5000}} \times \cancel{100} = \boxed{\tt\dfrac{500 \times 1}{50}}}$

${\tt \longrightarrow \cancel \dfrac{500}{50} = \boxed{\tt 10 \bf\%}}$

$\Huge\therefore$The loss percentage of the given sum is 10 $\bf\%$.

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$\dashrightarrow$Some related formulas :-

Profit :- ${\boxed{\tt SP-CP}}$

Profit percentage :- ${\boxed{\tt\dfrac{Profit}{CP} \times 100}}$

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More to know................

• Profit and loss are obtained for all shopkeepers in their shops. The profit is obtained when the selling price is greater than cost price. The loss is obtained when the cost price is greater than selling price. The profit and loss can also be converted into percentage format by some mathematical formulas.
• To convert the profit to percentage from, first we should divide the profit and cost price and then multiply by 100.
• To convert the loss to percentage form, first we should divide the loss and cost price and then multiply by 100.