The error :
The Packed field is either not using the lightning input component, the checked value of the item's Packed__c attribute or the correct type of input.
My Code:
<aura:component >
<aura:attribute name="item" type="Camping_Item__c"
required="true"
default="{Name:'Tent', Price__c:100, Quantity__c:1, Packed__c:true}"
/>
<p> The Item is <ui:outputText value ="{!v.item}"></ui:outputText></p>
<ui:outputText value="{!v.item.Name}"/>
<lightning:input type="toggle" label="Packed" name="togglevalue" value="{!v.item.Packed__c}" />
<lightning:formattedNumber value="{!v.item.Price__c}" style="currency" currencyCode="USD" currencyDisplayAs="symbol"/>
<lightning:formattedNumber value="{!v.item.Quantity__c}"/>
</aura:component>
Packed__c
. I believe it should be checkbox.