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Calculating Profit and Loss Percentage

The price of ...

Question

The price of a farmhouse is decreased from twenty lakh rupees to thirteen lakh rupees. Find the percentage of decrease.

A

25%

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B

35%

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C

70%

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D

40%

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Solution

The correct option is B 35%

Original price of farmhouse = ₹20,00,000

Changed price of farmhouse = ₹13,00,000

Decrease in price = 20,00,000 – 13,00,000 = ₹7,00,000

Therefore, the percentage of decrease = Decrease in price/Original price x 100

= (7,00,000)/(20,00,000)×100 = 35%.

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