Question

A item brought in 700rs and sold in 630rs what is the profit or lost percentage?

Answer 1

Answer:

10%

Step-by-step explanation:

cost price=700rs

sell price=630 rs

loss=cost price-sell price

=700-630

=70rs

loss percentage= (70/700)×100

=10%

Answer 2

Answer:

Step-by-step explanation:

We know that

Loss%= Loss/ CP x 100

Loss= 700-630=60

so, 70/700 x100

That is 10%

Hope it helps