Question

Find profit % or loss% when a refrigerator is bought for Rs. 12,000 and sold at Rs. 10,980 *
5 points
Profit of 17.5%
Loss of 8.5%
Loss of 91.5%
profit of 45.5%

Answer 1

☆Answer☆

Given,

Cost Price of refrigerator = Rs. 12000

Selling price of the refrigerator = Rs. 10980

Loss = Rs. (12,000 - 10,980) => Rs. 1020

Formula for finding loss percentage

Loss% = (100×Loss)/CP

Loss %

= (100×1020)/(12000)

= (102,000/12000)

= 8.5 %

"Loss of 8.5%" is the answer.

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