Question

Madhu and Kavitha purchased a new house for rs 320000.Due to some economic problems they sold the house for rs 280000.Find (a) The loss incurred (b) the loss percentage.

Answer 1

The loss is 40,000
Loss percentage= 40,000×100/320000
=25/2
=12.5

Answer 2

Answer:

a)The loss incurred is Rs.40000.

b) The loss percentage is 12.5%.

Step-by-step explanation:

Cost Price of house = Rs.320000

SP of house = Rs.280000

Loss = CP-SP

Loss = Rs.320000 - Rs.280000

Loss = Rs.40000

a)So, The loss incurred is Rs.40000

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

$loss\% = \frac{40000}{320000} \times 100$

$loss\% = 12.5\%$

b) Hence the loss percentage is 12.5%.