Question

a chair is purchased for rs 700 and sold for rs 570, find the gain or loss percent ?

Answer 1

loss percnt = cp - sp/cp multiply by 100

700-570/700=130/700=0.185*100=18.5=19%approx

Answer 2

Cost Price of chair = Rs 700

Selling Price of chair = Rs 570

Loss = 700 - 570
         = Rs 130

Loss % = 130/700*100
             = 130/7
             =18.57%