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18 August, 12:11

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

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  1. 18 August, 16:04
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    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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