Have you studied about loss? Loss percentage? And did you learn **Loss percentage formula**? Now we will try to learn the meanings and formula one by one.

What is the meaning of the word **loss**? Basically the word loss will come in consumer arithmetic chapter. Loss means suppose if you brought a product for x rupees and for some reason if you sell it to your friends or any other people for less than x rupees then we say that on whole transaction we got loss.

For example, let us think that we brought table fan for 2000 rupees and after a week we sold it for 1800 rupees. Now if we observe this transaction we lost 200 rupees. So when we say that we get **loss** means if cost price is greater than selling price.

Now I think you are very clear about what is loss? So next we will know what is **loss percentage**. Loss percentage means calculating the loss amount in terms of **percentage**. For knowing loss percentage we should apply **loss percentage formula** which you are going to learn know.

**Loss percentage formula is given below:**

Loss percentage = (loss/cost price) × 100% where loss = cost price – selling price

Note:

** Loss percentage formula** can be modified and we can get a formula for cost price in terms of loss and loss percentage. Loss formula also we can get in terms of cost price and

**loss percentage**.

Example:

♥ Amir brought a TV for 15000 rupees. After 2 days he sold it for 10000 rupees then find the loss percentage.

Solution:

Given

Cost price = 15000

Selling price = 10000

Loss = cost price – selling price

= 15000 – 10000

= 5000

Therefore, based on loss percentage formula, we get

Loss % = (5000/15000) × 100%

= (1/3) × 100%

= (100/3) %

= 33.3333%

I hope you got the **lost percentage formula**.

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