Question

An article is bought for Rs.600 and sold for Rs.500, find the loss percent?

Answer 1

see my answer right or wrong follow me

Answer 2

Answer:

16.66%

Step-by-step explanation:

An article is bought for Rs.600 and sold for Rs.500.

We need to ind the loss percent.

Loss = Cost price - Selling price

Here,

Cost Price = Rs.600

Selling Price = Rs.500

Loss = 600 - 500

Loss = Rs. 100

We know that Loss % = $\mathbf{\frac{Loss}{Cost\ price}\times 100}$

                   Putting the values we get,

Loss% = $\frac{100}{600}\times 100$

Loss% = $\frac{100}{6}$

Loss% = 16.66%

Therefore, Loss% of the article is 16.66.