Question

Rahul purchased a car for rs 3,00,000. he sold the car after one year for rs 2, 50,000,. calculate the profit and loss in percentage.

Answer 1

there will be loss in percentage by 20%

Answer 2

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Loss percentage = {Loss × 100}/{Cost\ price}

Loss = Cost price - Selling price

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 = {50000 × 100}/{300000}

Loss\ percentage = {5000000}/{300000}

Therefore the loss percentage is 16.67% .