Question

A shopkeeper purchased an article for 10000 and he spent 1000 for Transport he sold the article for 8800 find the loss incurred and loss%

Answer 1

cost price of an article =10000
he spent for transport =1000
then,
cost price=10000+1000=11000
selling price =8800
by formula
loss=CP-SP
loss=11000-8800=3800
loss%=loss/CP×100
loss%=3800/11000×100
loss%=34.5%