Question

A chair is purchased for 700 and sold for 560 find gain or loss

Answer 1

Answer:

loss of Rs.140

Step-by-step explanation:

price of purchase=700

price of sold=560

700

- 560

-------------

140

so loss of rs 140

Answer 2

Answer:

Loss 20%

Step-by-step explanation:

If a chair is purchased for 700 and then sold for 560 is a loss because the Selling price is less then the Cost price