Question

Ali bought a music system for rs 6375.00 and spent rs 75.00 on transportation . He sold it for 6400.00 . Find his profit or loss percent

Answer 1

Answer: Loss percent = 0.775%

Explanation:

Here,

Total cost = Purchasing price + transportation

⇒ Total cost = 6375 + 75

⇒ Total cost = $ 6450

Selling price = $ 6400

Total cost > Selling price, hence it is a loss.

Loss percent formula :

`Loss\% =\frac{\text{Loss}}{Total\ cost}*100\\\\=(Total\ cost - Selling price)/(Total \ cost)*100\\\\=(6450-6400)/(6450)*100\\\\=(50)/(6450)*100=0.775\%`

Hence, Loss percent = 0.775%