Question

shopkeeper bought a table for rupees 550 and sold it for rupees 429 find the loss percent


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Answer 1

Given

• Cost price (CP) = Rs 550 /-
• Selling price (SP) = Rs 429 /-

To find

• Loss percent (L %)

Solution

⇾ The shopkeeper bought the table for 550 and sold it for 429, here 550 is the cost price and 429 is the selling price, we shall find the loss percent. To find loss percent we need to find the loss.

→ Loss = CP - SP

→ Loss = 550 - 429

→ Loss = 121

∴ Loss is Rs 121 /-

→ Loss % = Loss × 100 / CP

→ Loss % = 121 × 100 / 500

→ Loss % = 12100/500

→ Loss % = 24.2

∴ Loss % is 24.2 %