Fill in the blanks to make the statement true: Nasim bought a pen for ₹ 60 and sold it for ₹ 54. His ________% is ________.

Answer:

Nasim bought a pen for ₹ 60 and sold it for ₹ 54. His loss % is 10.

Given:

  • Cost price of pen = ₹ 60
  • Selling price of pen = ₹ 54

CP is more than SP so,

Loss = CP – SP

Loss = 60 – 54

Loss = ₹ 6

We know that, loss percentage = (loss/CP) × 100

= (6/60) × 100

= 10%

Percentage

In mathematics, a percentage is a number or ratio that can be expressed as a fraction of 100. To determine the percentage, we have to divide the value by the total value and then multiply the resultant to 100.

Percentage formula = (Value/Total value)×100

Example: 35/100= 35%

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