Question

Dia bought rice for 500 and sold it for 450 find the loss percent

Answer 1

Answer:

The loss% was 10%.

Step-by-step explanation:

The cost price is, SP = Rs. 500

The selling price is, SP = Rs. 450

The loss incurred is:

Loss = CP - SP = 500 - 450 = 50.

Compute the loss percent as follows:

$Loss\%=\frac{Loss\ amount}{CP}\times 100\\ =\frac{50}{500}\times100\\ =10\%$

Thus, the loss% was 10%.