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A football is bought for ₹ 120 and sold for 105. Find loss%.
Given :
A football is bought for Rs.120 and sold for Rs. 105.
To do :
We have to find the percentage of loss.
Solution :
Therefore,
Loss $= Rs. 120 - Rs. 105 = Rs. 15$
Loss percentage $= \frac{15}{120} \times 100$%
$= \frac{5}{4} \times 10$%
$ = \frac{25}{2}$%
$= 12 \frac{1}{2}$%.
Therefore, the loss percentage is $12 \frac{1}{2}$%.
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