Question

a chair is purchased for rs 700 and sold for rs 560 find gain or loss per cent

Answer 1

$\huge\bf\green {Hey \: there}$



▶ Question - A chair is purchased for Rs. 700 and sold for Rs. 560. Find gain or loss per cent.



▶ Given :-


CP of the chair = Rs. 700


SP of the chair = Rs. 560



▶ Explanation :-


As SP < CP, we get loss


=> Loss = CP - SP


= 700 - 560


= 140


Loss = Rs. 140



=> Loss % = Loss / CP × 100


= 140 / 700 × 100


= 140 / 7


= 20


Loss % = 20 %



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Answer 2

$\huge{\bold{Hey \:there!!}}$

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Given:-

Cost Price of The chair=₹700

SP of the chair = ₹560
------------------------------------------––---––----↓

As Cost Price is more than Selling Price the chair is sold at some loss

so,

loss = CP ―SP

=₹700-₹560
=₹140

---------------------------------------––---––----↓

So, loss = ₹140

=>

As we know that,

Loss % =
$\frac{ loss}{cost \: price \: of \: the \: article} \times 100 \\ \\ \\ = \frac{140}{700} \times 100 = 20\%$

so, Loss percent = 20%
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$\huge{\bold{Thanks}}$

@Muakanshakya

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