Afzal buys a laptop for 48,000, but later sells it for 40,000. Calculate his loss%

Given :

Afzal buys a laptop for 48,000 and resale it for 40,000.

To do :

We have to calculate the loss percentage.

Solution :

The cost price of the laptop $= 48000$

The selling price of the laptop $= 40000$

$Loss percentage = \frac{CP - SP}{CP} \times 100$   

                            $ = \frac{48000 - 40000}{48000} \times 100$

                            $ = \frac{8000}{48000} \times 100$

                           $ = \frac{1}{6} \times 100$

                          $ = \frac{100}{6} = 16.66$

Therefore, the percentage of loss is 16.66%.

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Updated on: 10-Oct-2022

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