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?

a.49.67%

b.49.34%

c.98. 68%

d.98.34%?

Answer 1

a. 49.67% is the right option

Answer 2

Answer:

Required loss percentage is 49.67%

Explanation:

Given,a company buys an asset for rs. 1,50,000 and sells it for rs. 75,500.

So,cost price of the asset is 150000 rupees and selling price of the asset is 75500 rupees.

Here selling price is less than cost price.

We know,Loss = Cost price - Selling price.

Here loss

$= 150000 - 75500 \\ = 74500 \: rupees$

We know, cost price means 100%

Here 150000 means 100%

So,we can say 1 means $\frac{100}{150000}\%$

74500 rupees means

$\frac{100}{150000} \times 74500 \\ = 49.67\%$

This is a problem of Profit and loss.

Some important formulas of profit and loss,

Profit = Selling price - Cost price

Loss = Cost price - Selling price

x% profit of y $= \frac{100 + x}{100} \times y$

x% loss of y $= \frac{100 - x}{100} \times y$

Know more about Profit and loss-

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