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12-02-2020
Mathematics

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A shopkeeper sells an article of 400, while he purchases it for 402. Find out loss percent of shop keeper

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Onoriodefelix Onoriodefelix

12-02-2020

Answer:

0.5%

Step-by-step explanation:

A shop keeper sells an article for 400

He purchases it for 402.

Therefore, loss = cost price - selling price

402 - 400 = 2

% loss =

loss/cost price x 100%

2/402 x 100%

= 200/402

=0.498

=0.5%

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