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 solution

Answer 1

as he sold car by a loss of 50,000 ₹, so loss percentage would be

= Loss or Profit percentage ={ (Total Loss or Profit ) / Cost Price } X 100

= (50,000/3,00,000 ) X 100

= 100/6

= 16.66 % ------- ANSWER

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% .