Question

By selling a small plot for 80,000. I gain 25 per cent. What per cent will I lose if I sell it for 56,000
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Answer 1

Step-by-step explanation:

so we know that he gained 25%

we will find 25% of 80,000 because if we find we can find actual rate =

25/100×80,000

=20, 000

so gain = Rs: 20,000

actual amount of the plot = 80,000-20,000=60,000

if we sell plot for 56,000 then loss = 4,000

loss= 4,000/60,000 × 100

= 6.6% loss