Mohan purchased a table for ₹2,025 and due to some scratches on its top, he had to sell it for ₹1,675. Find his loss percentage (correct to two places of decimals).
Given:
Cost Price (C.P.) = ₹2,025
Selling Price (S.P.) = ₹1,675
Formula Used:
Loss = Cost Price - Selling Price
Loss Percentage =00
Solution:
Loss = C.P. - S.P.
Loss = ₹2,025 - ₹1,675
Loss = ₹350
Loss Percentage =
Loss Percentage = 17.28%
So, Mohan’s loss percentage is 17.28%.
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