Question

A wholeseller buys an article
for Rs. 42 and sells it for Rs.
36. What is his loss percent?​

Answer 1

Before, finding the answer. Let's find out how we can find the answer.

• In this question, we are asked to find the Loss percent of the Article.
• So, to find that, we have to the Cost Price and Selling Price first.
• Then, to find the Loss percent, we have to multiply the Loss by 100 and divide it by the Cost Price.

_________________

Given :

• Cost Price = Rs. 42
• Selling Price = Rs. 36

To find :

• Loss percent

Solution :

Let's find the Loss,

Loss = C.P - S.P

        = 42 - 36

        = 8

Now,

Loss percent = Loss × 100/Cost Price

                      = 8 × 100/42

                      = 800/42

                      = 19.04%

Therefore, the Loss percent of the Article 19.04%.