Question

7. Rajan bought an armchair for * 2200 and sold
it for 2400. Find his profit %. If he had sold it
for 2090, what would have been his loss %?​

Answer 1

Question

Rajan bought an armchair for * 2200 and sold it for 2400. Find his profit %.

Answer :

9%

Given :

• Cost price = Rs. 2200
• Selling price = Rs. 2400

To find :

• Profit percentage

Solution :

Selling price = Rs. 2400

Cost price = Rs. 2200

Since, S.P > C.P

Profit = Rs. 2400 - 2200

= Rs. 200

$Profit = \: \frac{gain}{c.p} \times 100$

$Profit = \: \frac{200}{2200} \times 100$

$Profit = \: \frac{20000}{2220}$

$Profit = \: 9\%$

Question :

If he had sold it for 2090, what would have been his loss %?

Answer :

5%

To find :

• Loss

Solution :

CP = 2200

S.P = 2400

If the selling price would have been 2090

then it is loss.

= CP - SP

= 2200 - 2090

= 110

We know,

$Loss\% \: = \frac{CP}{Loss} \times 100$

$Loss \: = \frac{110}{2200} \times 100$

$Loss \: = \: \frac{110}{22} = 5\%$

Know more :-

To find Loss or Gain

$Loss \: or \: Gain\% \: = \frac{CP}{Loss} \times 100$