I purchased a car for Rs 98,000. I sold the car after one year for Rs 83,500. Calculate the loss in percentage with explaination
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Step-by-step explanation:
- first subract c. p and s. p to find loss.
- next use loss percentage formula that is loss/c.p*100.
- you will get 14.79.
- round off as 14.8 percentage.
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