Akbar, sold his old gun Rs. 900, which he was bought for Rs. 2500. What is his % loss?
Akbar, sold his old gun Rs. 900, which he was bought for Rs. 2500. What is his % loss?
Explanation
The CP of the gun = Rs. 2500
The SP of the gun = Rs. 900
The loss is = CP - SP = Rs. ( 2500 - 900 )
= Rs. 1600
Hence, the loss incurred by Akbar is 64%.