Percentage Loss Calculation
Given Values
- Cost Price (CP): ₹850
- Selling Price (SP): ₹680
Loss Calculation
Loss occurs when Selling Price is less than Cost Price.
Loss = CP - SP
Loss = $850 - 680 = 170$
Percentage Loss Formula
Percentage Loss is calculated using the formula:
Percentage Loss = $\left( \frac{\text{Loss}}{\text{Cost Price}} \right) \times 100\%$
Calculate Percentage Loss
Substitute the values into the formula:
Percentage Loss = $\left( \frac{170}{850} \right) \times 100\%$
Simplify the fraction:
Percentage Loss = $\left( \frac{17}{85} \right) \times 100\%$
Since $\frac{17}{85} = \frac{1}{5}$:
Percentage Loss = $\frac{1}{5} \times 100\%$
Percentage Loss = $20\%$
Similar Questions
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Important Questions from Profit and Loss
By selling an article for Rs. 2,200, a profit of 10% is earned. If the same article is sold for Rs. 2,600, then what will be the gain percentage?
By selling an article for Rs. 640, a person loses 15% of its selling price. At what price (in Rs.) should he sell it to gain 15% on its cost price?
The selling prices of articles A and B are the same. A is sold at a profit of 28 percent and B is sold at a loss of 24 percent. If the total selling price of the both articles is Rs. 48640, then what is the cost price of A and B, respectively ?
The cost price of an article is Rs. 2800. Profit as a percentage of selling price is 20 percent. What is the actual profit (in Rs.) ?
A trader bought 640 kg of rice. He sold a part of rice at 20% profit and the rest at 5% loss. He earned a profit of 15% in the entire transaction. What is the quantity (in kg) of rice that he sold at 5% loss?
