Question

Virat and Samrat together invested $50000$ and $120000$ rupees to start a business. They suffered a loss of $20\%$. How much loss did each of them incur?

Answer 1

Case I for Virat

Cost price $=Rs.50,000$

$Loss\%=20\%$

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

$20=\frac{Loss}{50000}\times 100$

Loss price $=20\times 500=Rs.10000$

Case II for Samrat

Cost price $=Rs.120000$

$Loss\%=20\%$

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

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

Loss price $=Rs.20\times 1200=Rs.24000$

$\therefore$ Virat incure loss of $Rs.10000$ and samrat incure loss of $Rs.24000$.