Question

A man sold his watch for ₹1300. Find the profit and loss percent,if the cost price of the watch was ₹1400.

Answer 1

Answer:

In this question the man sold his watch for a loss ,hence we will find loss percentage

formula of loss%= loss/cost price x 100

Step-by-step explanation:

loss= 1400-1300=100

100/1400 x 100 =

100/14= 7.14%

Hope this helps:)

Answer 2

To find :

the profit or loss percentage of the watch

Given :

CP = ₹1400

SP = ₹ 1300

Formula to be used :

• profit % = (SP-CP)/CP × 100
• loss % = (CP-SP)/CP × 100

Solution :

CP = ₹ 1400

SP = ₹ 1300

Here, CP > SP

Hence, this is a loss

so, loss % = (CP-SP)/CP × 100

= (1400-1300)/1400 × 100

= 100/1400 × 100

= 100/14

= 7 1/7 %

so, loss% = 7 1/7 %