Question

Virat and Samrat together invested $Rs.5000$ and $Rs.120000$ to start a business. They suffered a loss of $20\%$. How much loss did each of them incur.

Answer 1

Given: Money inverted by Virat $=Rs.5000$

and, Money Invested by Samrat $=Rs.120000$

They incurred loss of $20\%$

Virat loss $=20\%$ of $5000$

$=\frac{20}{100}\times 5000$

$=Rs.1000$

Samrat loss $=20\%$ of $120000$

$=\frac{20}{100}\times 120000$

$=Rs.24000$