Question

an article of rs 8000 was sold at rs 7500. calculate the loss and loss percentage​

Answer 1

Answer:

Loss = Rs.500

Loss Percentage = 6.25%

Step-by-step explanation:

Cost Price of the article = Rs.8000

Selling Price of the article = Rs.7500

Loss = Cost Price - Selling Price

Loss = 8000 - 7500

Loss = Rs.500

Loss Percentage = (Loss x 100) / Cost Price

Loss Percentage = (500 x 100) / 8000

Loss Percentage = 50/8

Loss Percentage = 6.25%