Question

4lemons are bought for RS 40 and sold 3 for RS24 find profit percent or loss percent

Answer 1

Since the buying price is RS 40

Since the selling price is RS 24

If the selling price is less than the buying price, then it is a loss

To find the percent of loss Divide the loss by the buying price, then multiply the answer by 100%

`\begin{gathered} \text{Loss= 40 - }24 \\ \text{Loss = }16 \end{gathered}`

The percent of the loss is

`\begin{gathered} \text{Percent Loss}=(16)/(40)*100\text{ \%} \\ \text{Percent Loss = 40\%} \end{gathered}`

The percent of loss is 40%