Ajay purchased a scooter for Rs.40000. In the next year the price of the scooter reduced to Rs.37000. Find the percentage decrease in the price of the scooter.

 The decrease is 40000-37000=3000

Decrease percentage = Decrease/cost price x 100

3000/40000 x 100= 7.5%

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 The decrease= Rs. 3000

Decrease percentage= LOSS * 100/ C.P.

3000*100/40000

300/4 

7.5%

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