Question

A man buys an article for Rs.30000 and sells for Rs 25500.find profit or loss

Answer 1

Answer:

cost price= 30000

selling price=25500

here is a great loss.

loss= 30000-25500=rs 4500.

loss%=4500/30000x100

=15%.

hope it will satisfy you.

Answer 2

Given,

A man buys an article for Rs.30000.

He sells it for Rs 25500.

To find,

The profit or loss.

Solution,

We can simply solve this mathematical problem using the following process:

Mathematically,

(a) (Selling price) > (cost price) => profit earned

(Selling price) < (cost price) => loss beared

(b) profit earned = (Selling price) - (cost price)

loss beared = (cost price) - (selling price){Statement-1}

According to the question;

The cost price of the article for the man = Rs.30000

The selling price of the article for the man = Rs.25500

Now, as we can see;

Rs.30000 > Rs.25500

=> (Cost price of the article for the man) > (Selling price of the article for the man)

=> loss beared by the man on the article

{according to statement-1 (a)}

Now, according to the question;

Total loss beared by the man

= (Cost price of the article for the man) - (Selling price of the article for the man)

{according to statement-1 (b)}

= Rs.30000 - Rs.25500

= Rs. 4500

Hence, the man beared a loss of Rs. 4500 by selling the article.