Dinesh bought a mobile for Rs 8000 and sold it for Rs 6400. Find his profit or loss percent .

Given: Dinesh bought a mobile for Rs 8000 and sold it for Rs 6400.

Cost price of mobile (CP) = ₹ 8000  

Selling price of mobile (SP) = ₹ 6400

To find:  We have to find the profit or loss percentage.

Solution: 

Now,

Loss = CP $-$ SP

Loss = ₹ 8000 $-$ ₹ 6400

Loss = ₹ 1600

So,

$loss\ \%\ =\frac{loss}{CP} \ \times 100$

$loss\ \%\ =\frac{1600}{8000} \ \times 100\ =\ 20\ \%\ $.

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Updated on: 10-Oct-2022

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