Question

Rohit buys a clock for 1075 and sell it for 1000. what is is lost percent full explanation

Answer 1

Cost price = 1075

Selling price = 1000

Loss = C.P - S.P

= 1075 - 1000

= 75

Loss percent :

`(loss)/(cost \: price) * 100`

`(75)/(1075) * 100`

= 6.9767% ~ 7%