Question

Asha buys a cycle for ₹720 and sold it for ₹698.40 . find the loss and loss %.

Answer 1

Cost price=720 rupees
selling price=698.40 rupees
Loss=cost price - selling price
Loss=720-698.40=
21.6 rupees

loss %=(loss×100)/cost price
where loss=cost price-selling price
loss %=(21.6×100)/720 = 0.03 =3%