Question

Ahsok bought a cycle for Rs. $720$ and sold it Rs. $698.40$, find the loss percent.

Answer 1

Cost price $C.P.=RS.720$

Selling price $S.P.=Rs.698.40$

We need to find the loss percent.

Loss percent $=\frac{loss\times 100}{C.P.}$

Loss $=C.P-S.P$

$=720-698.40$

Loss $=Rs.21.60$

Therefore loss percent $=\frac{21.60\times 100}{720}=3\%$