anil bought a trunk for ₹120 and sold it for ₹100 .he incurred a loss ?
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5and15percent
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Cost price of football =Rs.120
Selling price of football =Rs.105
Since (SP)<(CP), so there is a loss
Loss =(CP)−(SP)
=Rs.(120−105)
=Rs.15
Loss %={(Loss/CP)×100}
={15/120)×100}
={15/12)×10}
={150/12}
=12.5%
=12(1/2)%
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