Question

A business man bought a car at rs 550000 and sold it rs 533500 find his loss percentage ​

Answer 1

loss%=3.09%

Explanation:

given,s.p=550000

c.p=533500

Now,loss percent= Actual loss /c.p×100%

=16500/53500×100%

=3.09%

Answer 2

Cost price (c.p) = Rs. 550000

selling price (s.p) = Rs. 533500

Loss (l) = c.p - s.p

= Rs. 550000 - Rs. 533500

= Rs. 16500

Now,

Loss percentage = Actual loss * 100%

c.p

= Rs. 16500 * 100%

Rs. 550000

= 3%