Question

Rahul sold
a car for Rs 5,50,000 incurring a loss of Rs 50,000. Calculate
the loss percentage?

Answer 1

Step-by-step explanation:

50,000/5,50,000×100

=5,00,000/5,50,000

=10%

Answer 2

Answer:

8.333 %loss

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Step-by-step explanation:

Selling price of car: 550000

loss: 50000

Cost price of car: 550000 + 50000 = 600000

Loss percentage:

$= \frac{loss \: \times \: 100}{cost \: price} \\ \\ = \frac{50000 \times 100}{600000} \\ \\ = \frac{5000000}{600000} \\ \\ = 8.333$

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