Question

Ganesh bought a scooter for Rs. $45000$ and sold it for Rs. $40000.$ Find his loss percent.

Answer 1

Cost Price$=C.P.=\text{Rs.}45000$

Selling Price$=S.P.=\text{Rs.}40000$

We know,

Loss% = $\frac{S.P.-C.P.}{C.P.}$ $\times 100$

Loss% = $\frac{45000-40000}{40000}$ $\times 100$ = $12.5$ %