Question

a chair is purchased for rs700 and sold for rs 560 find gain or loss percent

Answer 1

Answer: Cp=700

Sp=560 hence loss

Loss=Cp-Sp

Loss=140

Loss%=loss/Cp*100

140/560*100=25%

Answer 2

Answer :-

Loss % = 20%

Given :-

$\begin{tabular}{|c|c|}\cline{1-2} Chairs purchased at = &Rs.700\\\cline{1-2}\ Chairs sold at = & Rs.560\\\cline{1-2}\end{tabular}$

To find :-

Loss or Gain Percentage

Solution :-

$\textsf{CP = 700}$

$\textsf{SP = 560 }$

$\textsf{SP is greater than CP}$

$\textsf{It is loss}$

$\textsf{Loss= CP - SP}$

$\tt{ \Rightarrow 700 - 560}$

$\tt{ \Rightarrow 140}$

$\textsf{Loss = Rs.140}$

$\tt{loss\% = \dfrac{loss}{cp} \times 100 }$

$\tt{ \Rightarrow \dfrac{140}{700} \times 100}$

$\tt{ \Rightarrow \dfrac{140}{7} }$

$\tt{ \Rightarrow \dfrac{20}{1} }$

$\tt{ \Rightarrow 20\%}$

$\therefore$The loss% is 20%