Question

by selling an article for rs120 one loses rs 12 .then the loss percent is.

Answer 1

SP = ₹120
Loss = ₹12
CP = SP + loss
= 120 + 12
= ₹132
loss%=loss÷Cp×100
= 12÷132×100
= 9.0909%(approx)

Answer 2

The loss percent is 9.1%

Given - Selling price and loss

Find - Loss percent

Solution - Firstly calculating cost price using the mentioned formula -

Cost price = Selling price + loss

Cost price = 120 + 12

Cost price = 132

Formula to calculate loss percentage is -

Loss percent = loss/cost price*100

Loss percent =

$\frac{12}{132} \times 100$

Loss percent = 9.1%

Hence, the loss percentage is 9.1%.

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