Question

A shopkeeper bought a table for rupees 500 and sold it for rupees 400.Find the loss percentage ​

Answer 1

Answer:

cost 500

sold 400

loss.100

100/500×100

500 percent

Step-by-step explanation:

loss percent equal to

loss/cp×100

Answer 2

Given:

A shopkeeper bought a table for rupees 500 and sold it for rupees 400.

To find:

The loss percentage.

Solution:

The loss percentage is 20%.

To answer this question, we should follow these steps:

First of all,

As given,

We have,

A shopkeeper brought a table for Rupees = 500

This means,

Cost price = Rs. 500

Also,

He sold the table for Rupees = 400

This means,

Selling Price = Rs. 400

So,

The loss is

$= cost \: price \: - \: selling \: price$

$= 500 - 400$

$= 100 \: rs$

Now,

The loss percentage is

$= \frac{loss}{cost \: price} \times 100$

$= \frac{100}{500} \times 100$

$= \frac{100}{5}$

$= 20 \: \%$

Hence, the loss percentage is 20%.