Question

2. Find the loss percent when:
(i) CP = 2400 and SP = 2592​

Answer 1

Appropriate Question :-

2. Find the grain or loss percent when:

(i) CP = 2400 and SP = 2592

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Solution :-

➲ Given Information :-

• Selling Price ( SP ) ➢ ₹2,592
• Cost Price ( CP ) ➢ ₹2,400

➲ To Find :-

• Gain or Loss percent

➲ Concept :-

• Profit & Loss

➲ Formula Used :-

• Profit = SP - CP
• $\bf Profit \% = { \dfrac{\red{Profit}}{\green{CP}} \times \purple{100}}$

➲ Explanation :-

• We know that, SP - CP is profit. Because here, SP > CP. And the formula for calculating Profit percent is already mentioned above. We will simply substitute the given values in the formula and get our answer.

➲ Calculation :-

Using 1st formula, We get,

:⇒ Profit = SP - CP (∵ SP > CP)

Substituting the values given in the formula, We get,

:⇒ Profit = ₹2,592 - ₹2,400

:⇒ Profit = ₹192

∵ We have got profit, We will be finding the profit percent

Substituting the values given in 2nd formula, We get,

$\sf:\implies{ \dfrac{Profit}{CP} \times 100}$

$\sf:\implies{ \dfrac{₹192}{₹2,4\cancel{00}} \times 1\cancel{00}}$

Cancelling & Calculating further, We get,

$\sf:\implies{ \dfrac{₹192}{₹24} }$

When dividing, the answer comes out to be,

$\sf:\implies{\red{ 8\%}}$

∴ Profit Percent = 8%

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Final Answer :-

• Profit percent is 8%

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