A shopkeeper sold an article for Birr 280. If its cost price is Birr 350 then what is his loss percentage?

Question

asked Nov 27, 2024 23.1k views

1 Answer

Jacklin · Answer 1 · 2024-11-30T18:45:15+0000

Answer:

percentage loss = 20%

Explanation:

percentage loss is calculated as

(loss)/(CP) × 100% ( CP is the cost price )

loss = SP - CP ( SP is selling price )

loss = CP - SP = 350 - 280 = 70 , then

percentage loss =
(70)/(350) × 100% = 0.2 × 100% = 20%