Question

Rahul sold a car for Rs 5,50,000 incurring a loss of Rs 50,000. Calculate the loss percentage? give the answer to this question with an explanation PLEASE if you do I will mark you brainliest

Answer 1

Answer:

1. 8.3%

Step-by-step explanation:

Selling Price of a car= ₹5,50,000

Loss= ₹50,000

Therefore,

Cost Price of the car=₹(5,50,000+50,000)

= ₹6,00,000

Therefore,

Loss Percentage= Loss*100/Cost Price

= 50,000*100/6,00,000

8.3%

Answer 2

Answer:

8.33%

Step-by-step explanation:

 sold price = 550000        ;    loss price= 50000

that means  Cost price is 600000   (LOSS=CP-SP ;  PROFIT=SP-CP)

 Loss % = loss X 100/CP

      Loss% = 50000 X 100/600000 == 8.33%