Answer:
40000 and 12.5% respectively
Step-by-step explanation:
soln:
given,
cost price(c.p)=320000
selling price(s.p)=280000
loss(l),loss percentage(l%)=?
we know,
l=c.p-s.p
or,l=320000-280000
•°•l=40000
now,
l%=l/c.p*100%
or,l%=40000/320000*100%
•°•l%=12.5%
