Question

akash buys an article and sells it to ankit at a profit of 12%. Ankit sells it back to Akash at the price which Akash previously paid for it. What is ankit percentage loss?
​

Answer 1

Step-by-step explanation:

case 1 article sold by akash

let cp be 100

profit =12% so profit will be 12

sp will be 112

case 2 article sold by ankit

cp =112

sp =100

loss =12%