Question

A person bought a watch for rs.800 and sold it at rs.720 after a few months. find the profit or loss percent in the sale

Answer 1

Answer:

80 percent loss

Step-by-step explanation:

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Answer 2

Answer :-

• Profit Percentage is 10%.

Given :-

• CP = 720.
• SP = 800

To find :-

• Profit or loss percentage.

Step by step explanation :-

Detailed explanation of solution :-

Let's understand!

In the question, Given that, Selling price is Rs. 720 And Cost price is Rs. 800.

We are asked to find profit/loss %.

How to solve ?

We will find the profit price first, And then we will make it into percentage.

We will use these formulas :-

$\red{\boxed{ \mathfrak{ Profit \: price = CP - SP }}}$

$\pink{\boxed{ \mathfrak{Profit \: Percentage = \dfrac{Profit \times 100}{CP}}}}$

Calculations :-

Applying the formula 1,

$\implies \sf 800 - 720$

Subtracting 720 from 800,

$\implies \sf \purple{ Rs \: 80 }$

Thus, Profit price is 80 rupees.

Now, Applying formula 2 :-

$\implies \sf \dfrac{80 \times 100}{800}$

Cutting off all zeros, We are left with :-

$\implies \sf \dfrac{80 \times 1 \cancel{0} \cancel{0}}{8 \cancel{0} \cancel{0}}$

$\implies \sf \dfrac{80 \times 1}{8}$

Dividing 80 by 8,

$\implies \sf \cancel{\dfrac{80 }{8} }$

$\implies \sf \boxed{ \sf \purple{10\%}}$

Therefore, Profit Percentage is 10%.