Question

John bought a sofa set for Rs $4500$ and sold it for Rs $4200$. Find his loss per cent.

Answer 1

Given;

Cost price $=₨4500$

Selling price $=₨4200$

Since, $\mathrm{S}.\mathrm{P}.<\mathrm{C}.\mathrm{P}$, it will be a loss.

So, Loss = Cost price $-$ Selling price

Loss $=4500-4200=₨300$

Now,

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

$$\begin{gathered} =\frac{300}{4500}\times 100 \\ =\frac{100}{15} \\ =6.66\% \end{gathered}$$

Hence, the loss is $6.66\%$.