A man bought a mobile phone for 12000 and sold it for 9000. Find his loss percent
The loss can be found by subtracting the selling price from the cost price:
Loss = 12000 - 9000 = 3000
The loss percentage can be found by dividing the loss by the cost price and then multiplying by 100:
Loss percentage = (3000 / 12000) * 100 = 25%
Therefore, the man's loss percentage is 25%.
To find the loss percentage, we need to find the loss amount and divide it by the cost price, then multiply by 100 to get the percentage.
Loss amount = Cost Price - Selling Price
Let's calculate the loss amount first:
Loss amount = 12000 - 9000 = 3000
Now, let's calculate the loss percentage:
Loss percentage = (Loss amount / Cost Price) * 100
Loss percentage = (3000 / 12000) * 100
Loss percentage = 0.25 * 100
Loss percentage = 25%
So, the man faced a loss of 25%.