Question

a shopkeeper bought a chair for Rs 375 and sold it for Rs 300. find the loss percentage

Answer 1

Loss that he faced = 375 - 300 = 75 Rs

Loss % = Loss/CP × 100

= 75/375 × 100%

= 3/ 15 × 100%

= 20%

Answer 2

375 - 300 = 75.

75/375×100 = 20.

Loss is 20%