Question

Shriraj bought a TV set for Rs 10,000 and sold it to Suresh for Rs 8000. What loss percent did Shriraj incur?

Answer 1

Cost price of the TV set = C.P = Rs 10,000
Selling price of the TV set = S.P = Rs 8,000
Loss = C.P – S.P
= Rs 10000 – Rs 8000
= Rs 2000
Loss% = $\frac{\mathrm{Loss}}{\mathrm{C}.\mathrm{P}}\times 100$
$$\begin{gathered} =\frac{2000}{10000}\times 100 \\ =\frac{200000}{10000} \\ =20\% \end{gathered}$$