A retailer buys an article for ₹ 810 and sells it for ₹ 648. His loss per cent is
Question
A retailer buys an article for ₹ 810 and sells it for ₹ 648. His loss per cent is
Solution
To calculate the loss percentage, we first need to determine the amount of loss.
Step 1: Calculate the amount of loss The amount of loss is the difference between the cost price and the selling price.
Loss = Cost price - Selling price Loss = ₹810 - ₹648 = ₹162
Step 2: Calculate the loss percentage The loss percentage is the loss divided by the cost price, multiplied by 100.
Loss % = (Loss / Cost price) * 100 Loss % = (₹162 / ₹810) * 100 = 20%
So, the retailer's loss percentage is 20%.
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