Question

An article costing Rs 1500 was sold for Rs 1050. Percentage loss is

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Answer 1

Answer:

Difference = 1650 - 1500 = 150

Tax percentage = Difference X 100

                                    Initial cost

Tax percentage = 150 X 100

                                   1500

= 10 %

Answer 2

Answer:

The loss percent is 30%

Step-by-step explanation:

CP of article = 1500

SP of article = 1050

Hence,

CP > SP

Loss = CP-SP

        =1500-1050

        =450

Loss% = Loss/CP x 100

           =450/1500x100

           =30%