Question

Madhu and Kavitha purchased a new house for 3,20,000. Due to some e
problems they sold the house for 2,80,000
Find (a) The loss incurred (b) the loss percentage.
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Answer 1

Answer:

12.5%

Step-by-step explanation:

CP = 3,20,000

SP = 2,80,000

Loss = CP - SP

        = 3,20,000 - 2,80,000

        = 40,000

Loss percentage = Loss/CP * 100

                            = 40,000/320000*100

                            =12.5%