Question

Aasifbhai bought a refrigerator at Rs.10,000. After sometime he sold it to his friend at Rs.9000, then how much percentage profit or loss does he make?

Answer 1

he sold it for 1000 rupees less
10000/1000= 10%
so 10% loss

Answer 2

aasifbhai got a loss because when you subtract 10,000-9000 he will get 1000

and he bought it for Rs. 10,000 not Rs 9000