A salesman purchases goods at ₹1,250 and is forced to sell it at ₹1,000. Find his loss percentage.
- A25%
- B20%
- C30%
- D15%
Solution & Step-by-step Explanation
Given:
Cost Price (CP) = ₹1,250
Selling Price (SP) = ₹1,000
Loss=CP−SP
Loss=1250−1000=₹250
Now, compute the loss percentage:
Loss Percentage=(
CP
Loss
)×100
Loss Percentage=(
1250
250
)×100
Loss Percentage=
5
1
×100=20%
Cost Price (CP) = ₹1,250
Selling Price (SP) = ₹1,000
Loss=CP−SP
Loss=1250−1000=₹250
Now, compute the loss percentage:
Loss Percentage=(
CP
Loss
)×100
Loss Percentage=(
1250
250
)×100
Loss Percentage=
5
1
×100=20%