3. In the following case, find profit % or loss %:- A mobile phone was purchased for ₹4200 and sold for ₹3500.
Answers
Answered by
13
Step-by-step explanation:
Here, the cost price is less than the selling price, so there will be profit.
We know,
Profit % =
C.P
profit
×100
Profit =3000−2500=500
Profit % =
2500
500
×100
=20%
Answered by
2
Answer:
Coast price of Mobile Phone- ₹4200
Selling price of Mobile Phone- ₹3500
Coast price is greater than selling price means it's a loss
loss = cp - sp
= 4200 - 3500
=₹ 700
Loss % = Loss/ C.p. * 100
= 700/4200 * 100
= 1/6 * 100
= 100/6
= 16.67%
Thus, loss percentage of Mobile Phone is 16.67%
Similar questions