Question

AN ARTICLE WAS BOUGHT FOR Rs. 300 AND SOLD FOR Rs. 240. THE PERCENTAGE OF LOSS IS
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Answer 1

Answer:

Loss= CP-SP=300-240=60

Loss%= Loss/Cp*100

=60/300*100=20%

Step-by-step explanation:

Answer 2

The percentage of loss is 20%

Given :

An article was bought for Rs. 300 and sold for Rs. 240

To find :

The percentage of loss

Solution :

Solution :Step 1 of 2 :

Find the amount loss

Here it is given that an article was bought for Rs. 300 and sold for Rs. 240

Loss amount

= Rs. 300 - Rs. 240

= Rs. 60

Step 2 of 2 :

Find percentage of loss

The percentage of loss

$\displaystyle \sf{ = \frac{60}{300} \times 100\% }$

$\displaystyle \sf{ = \frac{1}{5} \times 100\% }$

$\displaystyle \sf{ = 20\% }$