Subscribe to our YouTube channel for the latest videos, updates, and tips.


Calculate Loss Percent

We will learn how to calculate loss percent in an article. Loss percentage is always calculated on cost price (C.P.).

Formula to find loss% = (loss/cost price) × 100%


Solved examples:

1. By selling a machine for $9000; a loss of $1000 is suffered. Find the loss percent.

Solution:

Given, S.P. of a machine = $9000 and loss made = $1000

Therefore, C.P. = S.P. + loss

                     = $9000 + $1000

                     = $10000

And, loss% = (loss/cost price) × 100%

                = (1000/10000) × 100%

                = (1/10) × 100%

                = 10%

Therefore, loss percent by selling a machine is 10%   


More examples to calculate loss percent:                          

2. By selling an article for $10000 a man losses $2000. Find the loss%.

Solution:

Given, selling price of an article = $10000 and loss made = $2000

Therefore, cost price = selling price + loss

                              = $10000 + $2000

                              = $12000

And, loss% = (loss/cost price) × 100%

                 = (2000/12000) × 100%

                 = (1/6) × 100%

                 = 16   2/3%

Therefore, loss percent by selling an article is 16   2/3%.        


3. Jim bought a second hand motorcycle for $1200 and spent $200 on its repair. He sold it for $1280. Find his loss percent.

Solution:

Cost price includes overhead expenses also.

Therefore, cost price = $1200 + $200 = $1400

and selling price = $1280

Since, selling price < cost price, there is a loss.

Loss = cost price - selling price

       = $1400 - $1280

       = $120

Loss percent = loss/cost price × 100

                   = 120/1400 × 100

                   = 60/7

                   = 8   4/7 %

Therefore, loss percent by selling a second hand motorcycle is 8  4/7 %

Note:

When some additional expenses are made after purchase of an article, it is added to the cost price (C.P.), these additional expenses are called overhead.

Profit And Loss

To find Profit or Loss when Cost Price and Selling Price are Given

To find Selling Price when Cost Price and Profit or Loss are Given

To find Cost Price when Selling Price and Profit or Loss are Given

Examples on Profit and Loss

Calculate Profit Percent

Calculate Loss Percent

Calculate Profit or Loss Percent

Calculate Profit and Selling Price

Calculate Loss and Selling Price

Overhead Charges

Discount and Discount Percent





6th Grade Math Practice

From Calculate Loss Percent to HOME PAGE




Didn't find what you were looking for? Or want to know more information about Math Only Math. Use this Google Search to find what you need.



New! Comments

Have your say about what you just read! Leave me a comment in the box below. Ask a Question or Answer a Question.




Share this page: What’s this?

Recent Articles

  1. How to Find the Average? | What Does Average Mean? | Definition

    May 15, 25 06:05 PM

    Average 2
    Average means a number which is between the largest and the smallest number. Average can be calculated only for similar quantities and not for dissimilar quantities.

    Read More

  2. Worksheet on Rounding Off Number | Rounding off Number | Nearest 10

    May 15, 25 05:12 PM

    In worksheet on rounding off number we will solve 10 different types of problems. 1. Round off to nearest 10 each of the following numbers: (a) 14 (b) 57 (c) 61 (d) 819 (e) 7729 2. Round off to

    Read More

  3. Worksheet on Rounding Decimals | Questions Related to Round a Decimal

    May 15, 25 11:52 AM

    Worksheet on Rounding Decimals
    The worksheet on rounding decimals would be really good for the students to practice huge number of questions related to round a decimal. This worksheet include questions related

    Read More

  4. Rounding Decimals | How to Round a Decimal? | Rounding off Decimal

    May 14, 25 03:01 PM

    Rounding decimals are frequently used in our daily life mainly for calculating the cost of the items. In mathematics rounding off decimal is a technique used to estimate or to find the approximate

    Read More

  5. Rounding Off to the Nearest Whole Number | Nearest 10, 100, and 1000

    May 13, 25 03:43 PM

    Nearest Ten
    Here we will learn how to rounding off to the nearest whole number?

    Read More

Profit And Loss - Worksheets

Worksheet on Calculating Profit or Loss

Worksheet on Calculating Cost Price

Worksheet on Calculating Selling Price

Worksheet on Cost Price and Selling Price

Worksheet on Calculating Profit or Loss Percent

Worksheet on Profit or Loss Percent

Worksheet on Calculating Overhead Charges

Worksheet on Calculating Discount

Worksheet on Discount Percent

Worksheet on Calculating Discount on Marked Price