Question

A godown had a stock of cloth of Rs.160000. Due to a fire a part of the merchandise, wroth Rs. 20000, was completely destroyed. find the loss percent?

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Answer 1

The loss percentage of cloth is 12.5%.

Stock of cloth = Rs. 1,60,000

worth of destroyed cloth = Rs. 20,000

A percentage is a number or ratio that can be expressed as a fraction of 100. It is denoted by the symbol %.

Percentage = Value/ Total value × 100%

Loss percentage = Loss/Total value × 100%

So, the loss percentage of cloth = 20,000/1,60,000 ×100%

= 0.125 × 100%

= 12.5%.