Question

Gaurav sold his flat for Rs18 lakhs, which he had purchased for Rs20 lakhs, then the loss% will be

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Answer 1

Answer:

10% loss

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Explanation:

loss= 2 00 000

loss% = 200000/2000000*100=10%

Answer 2

Explanation:

Given :

• Gaurav sold his flat for Rs18 lakhs

• he had purchased for Rs20 lakhs,

To Find :

• the loss% will be

Solution :

Loss = Cost price - selling price

Loss = 18,00,000 - 20,00,000

Loss = 2,00,000

Loss % = loss / selling price × 100

Loss% = 2,00,000 / 20,00,000 × 100

Loss% = 1/10 × 100

Loss = 10%

• Hence the loss % is 10