Question

What is the loss percentage incurred by a company when it buys an asset for rs. 1,50,000 and sells it for rs. 75,500?

Answer 1

this is the formula used.....

Answer 2

Answer:

The loss percentage is -49.67%.

Step-by-step explanation:

The formula for profit or loss percentage is

$P\&L\%=\frac{SP-CP}{CP}\times 100$

From the given information it is clear that

Cost price (CP)=1,50,000

Selling price (SP)=75,500

The profit or loss percentage is

$P\&L\%=\frac{75500-150000}{150000}\times 100$

$P\&L\%=-49.66667$

$P\&L\%\approx -49.67$

Here negative sign represents the loss.

Therefore the loss percentage is -49.67%.