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 with explaination

Answer 1

loss - 300000- 250000 = 50000
percent- 50000/300000× 100
= 100/6 = 16.66 % loss

Answer 2

Answer:

loss percentage is 16.67% .

Step-by-step explanation:

Formula

$Loss\ percentage = \frac{Loss\times 100}{Cost\ price}$

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

$Loss\ percentage = \frac{50000\times 100}{300000}$

$Loss\ percentage = \frac{5000000}{300000}$

                                    = 16.67 % (Approx)

Therefore the loss percentage is 16.67% .