Question

jack purchased a camera for 45000. he sold it for 37125.find the loss percentage.​

Answer 1

As per the details provided in the question.

In the above question, we have the details as follow.

Given that cost price of camera is 45000.

Selling price of the camera is 37125.

We have to find the loss to jack in selling the camera.

Here we have to use the formula of loss is equal to cost price minus selling price.

Thus, the loss in selling is as follow,

$=45000-37125\\=7,875$

Therefore the percent of loss is,

$Loss\%=\frac{Loss}{cost price } \times 100\\=\frac{7875}{45000}\times 100\\= 0.175\times 100\\=17.5\%$

Hence the loss percentage is 17.5%

Answer 2

In context to question asked,

We have to determine the loss percentage on the product.

As per question,

It is given that,

CP of the project = Rs. 45000

SP of the product = Rs. 37125

As here,

The Selling price of the product is less than the Cost price of the product.

So, there will be loss in this case.

So, for determining the loss we will subtract SP from CP.

Hence, we will get,

$Loss = 45000-37125 = Rs.\:7875$

As per know that,

$\%Loss = \frac{Loss}{CP} \times 100\%$

So, putting all the values in above formula,

We will get,

$\%Loss = \frac{7875}{45000}\times 100\%\\=>\%Loss = 17.5\%$

Hence, there will a loss of 17.5% on this transaction.