Question

2. An article costing 5000 is sold for 4850. Is there a profit or loss? What is the percentage?
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Answer 1

Answer:

loss=150

loss%=3%

Step-by-step explanation:

cp is greater than sp

so loss= cp-sp

loss=5000-4850

loss=150

loss%=loss/cp*100

loss=150/5000*100

loss=3%

Answer 2

Answer:

There is a loss of 3%

Step-by-step explanation:

Given,

Cost price = 5000,

Selling price = 4850,

Since,

Cost price > Selling price

∴ There is a loss.

$\text{Loss}\%=\frac{CP-SP}{CP}\times 100$

Thus,

$\text{loss}\% = \frac{5000 - 4850}{5000}\times 100$

$=\frac{150}{5000}\times 100$

$=\frac{150}{50}$

= 3%

#Learn more :

Find loss% :

https://brainly.in/question/13702745

Find CP and SP when loss and loss% are given :

https://brainly.in/question/12756296