Q. 114.8( 24 Votes )

# Madhu and Kavitha purchased a new house for Rs. 3,20,000. Due to some economic problems they sold the house for Rs. 2, 80,000.

Find (a) The loss incurred (b) the loss percentage.

Answer :

Given that, C.P of house = Rs. 3,20,000

S.P of house = Rs. 2,80,000

(a) loss = cost price – selling price

= 320000 – 280000

= 40000

∴ The loss incurred is Rs. 40000

(b)

= 12.5

∴ The loss percentage is 12.5%

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