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, C.P. > S.P it is loss

Loss = C.P. - S.P. = 300000 - 250000 = 50000 = 20% of 25000

Answer 2

$\large\mathbb \blue{\fcolorbox{blue}{black} { \ HERE\ IS\ YOUR\ ANSWER \ }}$

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% .