Question

A shopkeeper bought a table for Rs.550 and sold it for Rs. 429. Find the loss percentage.

Answer 1

Answer:

CP=Cost Price

SP=Selling price

P%=Profit percentage

L%=Loss percentage

Step-by-step explanation:

Given

Cost price (CP) = Rs 550 /-

Selling price (SP) = Rs 429 /-

To find

Loss percent (L %)

Solution

⇾ The shopkeeper bought the table for 550 and sold it for 429, here 550 is the cost price and 429 is the selling price, we shall find the loss percent. To find loss percent we need to find the loss.

→ Loss = CP - SP

→ Loss = 550 - 429

→ Loss = 121

∴ Loss is Rs 121 /-

→ Loss % = Loss × 100 / CP

→ Loss % = 121 × 100 / 500

→ Loss % = 12100/500

→ Loss % = 24.2

∴ Loss % is 24.2 %

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