Question

A shopkeeper purchased an article for Rs10,000 and spent Rs1000 on transportation. He sold the article for Rs8800. Find the amount of loss incurred and loss %.​

Answer 1

Answer:

20%

Step-by-step explanation:

total cost for the shopkeeper= 10000+1000=11000

selling price=8800

loss incurred= 11000-8800=2200

therefore,percentage for loss

2200/11000x100

=220/11

=20%

Answer 2

Answer:

Loss = ₹2200

Loss℅ = 20℅

Step-by-step explanation:

So total money spent = ₹( 10000+1000) = ₹11000

He sold for ₹8800

Now loss occured = CP-SP = ₹(11000-8800) = ₹2200

Now loss percent = (Loss / CP × 100) = (2200/11000 × 100 ) = 20℅ loss.

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