Question

By selling an article for ₹770,a man incurs a loss of ₹110. Find his loss percentage

Answer 1

Answer:

Step-by-step explanation: loss percentage=loss/cp×100

Use this formula...

Answer 2

• Total loss percentage is equal to 12.5%.

Given :-

• Selling price of an article = ₹770
• Loss = ₹110

To Find :-

• Loss percentage = ?

Formula used :-

• Cost price (CP) = Selling price(SP) + Loss in Rs.
• Loss % = (Loss in Rs. × 100) / CP

Solution :-

given that,

→ Selling price of an article = ₹770

and,

→ Total loss = ₹110

So,

→ Cost price of article = Selling price of article + Loss

→ Cost price of article = 770 + 110

→ Cost price of article = ₹880

then,

→ Loss % = (Loss in Rs. × 100) / cost price of article

→ Loss % = (110 × 100) / 880

→ Loss % = 100/8

→ Loss % = 12.5% (Ans.)

Therefore, his loss percentage is equal to 12.5% .

Extra knowledge :-

• When selling price (SP) is greater than cost price (CP) , the seller has profit .
• When selling price (SP) is less than cost price (CP) , the seller has loss .
• Profit / Loss % = (Profit / Loss in Rs. × 100) ÷ CP

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