Question

Arun bought a car for ₹ 4,00,000. A year later, he sold it for ₹ 3,80,000. What was the loss percentage?

Answer 1

Loss=400000-380000=20000

Loss percent=(loss/CP×100)%=(20000/400000×100)% =5%

Answer 2

Answer :

5%

Given :

• Cost price - ₹ 4,00,000
• Sold price - ₹ 3,80,000

To find :

• Loss Percentage

Solution :

Cost price of Car = ₹ 4,00,000

Sold price of Car = ₹ 3,80,000

Since, C.P > S.P, therefore it is a loss.

Loss percentage = C.P - S.P

                            = Rs. 4,00,000 - 3,80,000

                            = Rs. 20,000

$\sf Loss = \: \dfrac{20000}{400000} \times 100$

       $\sf = \: \dfrac{2000000}{400000}$

       $\sf = \: \dfrac{20 \not 0 \not0 \not0 \not 0 \not 0}{4 \not0 \not 0 \not 0 \not 0 \not 0}$

       $\sf = \: \dfrac{20}{4}$

       $\sf = 5 \%$

Therefore, the Loss percent of the car is 5%.

Know more :-

$\sf \rightarrow Loss \: or \: Gain = \dfrac{Loss \: or \: Gain \: }{c.p} \times 100$

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• To know more on how to find Loss or Gain. Follow the link.