“A” sold a pen Rs. 180. This was Rs 60 less than. What “A” paid for it. What was A loss as percentage of his cost price?
“A” sold a pen Rs. 180. This was Rs 60 less than. What “A” paid for it. What was A loss as percentage of his cost price?
Explanation
"A" sold the pen for Rs. 180.
This was Rs. 60 less than what "A" paid for it, so the cost price was:
Rs. 180 (selling price) + Rs. 60 (loss) = Rs. 240 (cost price)
To find the loss as a percentage of the cost price, divide the loss by the cost price and multiply by 100:
Loss = Rs. 60
Cost price = Rs. 240
Loss percentage = (Loss ÷ Cost price) × 100 = (60 ÷ 240) × 100 = 25%