Naveen purchased a car for ₹8.00.000 and he sold it for ₹6.50.000 find the loss percentage
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Answer:
Loss = Cost price - Selling price
As given
Rahul purchased a car for Rs 3,00,000.
He sold the car after one year for Rs 250000 .
Cost price = Rs 300000
Selling price = Rs 250000
Loss = 300000 - 250000
= 50000
Putting all the values in the formula
Loss\ percentage = \frac{50000\times 100}{300000}Loss percentage=
300000
50000×100
Loss\ percentage = \frac{5000000}{300000}Loss percentage=
300000
5000000
= 16.67 %
Therefore the loss percentage is 16.67% .
Step-by-step explanation:
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