Question

A product is purchased at 950 and sold at 760. Find profit or loss percentage.

Answer 1

s p.>c.p.
Loss%=loss/c.p.*100
Loss%=190/950*100
= 1/5*100
=20%

Answer 2

Since,cost price of a product (c.p.) = 950
and selling price of the product (s.p.) =760
therefore, total loss = (c.p. - s.p.) =950-760=190

we know that,
loss percent =(total loss/c.p.)100% =(190/950)100% =20%.ans.