Mr. Khan sold a car for Rs. 80,000, which he bought for Rs. 90,000. What is his percentage loss?
Mr. Khan sold a car for Rs. 80,000, which he bought for Rs. 90,000. What is his percentage loss?
Explanation
Loss = Cost Price - Selling Price
= 90,000 - 80,000 = Rs. 10,000
Percentage Loss = (Loss / Cost Price) × 100
= (10,000 / 90,000) × 100 = 11.11%