Question

David brought a pony for 25000 and sold it at 20000. Find his profit or loss percent

Answer 1

Answer: 20%

Step-by-step explanation:

cp = 25000 , sp = 20000

cost price is more than selling price ,then it is loss

Loss = cp-sp

Loss = 5000

Loss percentage =( loss/cp )*100

Loss percentage = (5000/25000)*100

Therefore ,loss percentage = 20 %