A watch is bought for \( ₹ 6000 \) and sold for \( ₹ 5500 \). What is the loss percentage?

To calculate the loss percentage, first find the loss amount, which is the cost price minus the selling price. Here, the loss is \( ₹ 6000 - ₹ 5500 = ₹ 500 \). To find the loss percentage, you use the formula: \[ \text{Loss Percentage} = \left( \frac{\text{Loss}}{\text{Cost Price}} \right) \times 100 \] Substituting the values, we get: \[ \text{Loss Percentage} = \left( \frac{500}{6000} \right) \times 100 = 8.33\% \] So, the loss percentage is approximately 8.33%. Keep in mind that knowing how to calculate loss percentage can help you make better financial decisions during buying and selling! Calculating loss is just as important for personal budgeting and finances! Understanding how to determine profit or loss can aid in distinguishing whether purchases are worthwhile. By keeping track of your expenses and managing losses wisely, you can set better spending and saving strategies in your day-to-day life.