Question

Find the Loss Percentage of Selling a Watch
I bought a watch for Rs.33.60 and sold it for Rs.33.20. What is my percentage of loss?

Answer 1

Loss percentage can be calculated as follows: [CP - SP)/CP] x 100

In this case CP = Rs. 33.60 and SP = Rs. 33.20

Using the formula we get the Loss Percentage as 1.19%

Answer 2

cp:33.60;
sp:33.20
then loss:cp-sp;
loss:33.60-33.20;
loss: rs. 0.40;
loss%:(loss/cp)*100;
loss%:(0.40/33.60)*100;
loss%: (4/336)*100;
loss%:(1/84)*100;
loss%: 100/84;
loss%:50/42;
loss%:25/21;
loss%:1.19% ANS
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