Question

Samar bought a house for Rs 28,00,000 but due to some reason he sold that house for Rs 14,00,000 Find his profit or loss%​

Answer 1

Answer: 28.57%

Step-by-step explanation:

Cp=2800000

Sp=1400000

Since, cp is greater than sp, this is a case of loss.

Loss= 2800000-1400000

= 1400000

Loss%= loss/original amount *100

=1400000/2800000*100

=28.57%

Answer 2

Solution :-

Given :-

He bought House for RS. 28,00,000

He sold House for RS. 14,00,000

Now As we know that

Profit %

$= \dfrac{\textsf{Selling price} - \textsf{Cost price}}{\textsf{Cost Price}}\times 100$

Loss%

$= \dfrac{\textsf{Cost price} - \textsf{Selling price}}{\textsf{Cost Price}}\times 100$

Now as

Selling price = 14,00,000

And Cost Price = 28,00,000

Therefore there is loss

Then Loss%

$= \dfrac{\textsf{Cost price} - \textsf{Selling price}}{\textsf{Cost Price}}\times 100$

$= \dfrac{28,00,000 - 14,00,000}{28,00,000}\times 100$

$= \dfrac{14,00,000}{28,00,000}\times 100$

$= \dfrac{1}{2} \times 100$

$= 50\%$

$\huge{\boxed{\sf{ Loss \% = 50\% }}}$