Question

Sriram bought a car for ₹3,50,000.In the very next year, he sold it for ₹3,00,000.What is the loss percentage?​

Answer 1

Answer:

Initial price of the car = Rs. 3,50,000

Final price of the car = Rs. 3,70,000

Increase in price = 3,70,000 – 3,50,000 = 20000

Percentage increase = (Change in quantity / Initial quantity) × 100

= (20000 / 350000) × 100

= 200 / 35

= 5 5/7%

Answer 2

Answer:

Cost Price=RS 350000

Selling Price= RS300000

Loss Percentage=?

As,we know

Loss=CP-SP

RS.35OOOO-RS.300000

RS.50000

LOSS%=?

LOSS%=LOSS*100/CP

RS.50000*100RS.1OO/350000

RS.5000000/350000

LOSS%=14.28%

Step-by-step explanation: