Question

A wall clock cost 1,500 Naira and sold for 1,200 Naira find the lost percent

Answer 1

To find the loss percent, we can use the formula for loss percent:

\[
\text{Loss Percent} = \left( \frac{\text{Loss}}{\text{Cost Price}} \right) \times 100
\]

1. **Calculate the loss:**
- Cost Price (CP) = 1,500 Naira
- Selling Price (SP) = 1,200 Naira
- Loss = Cost Price - Selling Price = 1,500 - 1,200 = 300 Naira

2. **Calculate the loss percent:**
\[
\text{Loss Percent} = \left( \frac{300}{1500} \right) \times 100
\]
\[
\text{Loss Percent} = 0.2 \times 100 = 20\%
\]

Therefore, the loss percent is **20%**.