Question

by selling a tape recorder for re 8500, a loss of rs 1500 is suffered. find the loss%.​

Answer 1

Answer:

Here, first we will have to find the cost price.

Selling price: 8500 Rs

Loss: 1500 Rs

∴ Cost price = (8500 - 1500) Rs = 7000 Rs

Now we find the loss percent by applying the formula:

loss/cp x 100

= 1500/7000 x 100 = 150/7% or 21 and 3/7 %

Hence, the loss percent is 21 and 3/7 %.

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