Question

Hamdan bought a TV for 40000 and sold it for 32000. What is the profit/loss percentage

Answer 1

Explanation:

CP of a TV=40000

Sp of a TV=32000

here CP is greater than Sp so there is loss

loss=CP-SP

=40000-32000

=8000

loss%=loss amount/cp*100%

=8000/40000*100

=800000/40000

=20%

Answer 2

20% loss

Explanation:

(32000-40000)/40000 * 100 = -20%