Question

a shop keeper bought a suit cast for rs 480 and sold it for rs 450.find the gain percent?​

Answer 1

Answer:

there is loss of 30/- in percentage the answer is 6.25%

Step-by-step explanation:

cost price of suitcase = 480/-

selling price of suitcase = 450/-

Loss = cost price - selling price

= 480 - 450

=30/-

loss percent = loss/cost price ×100

= 30/480×100

=6.25% of loss

Answer 2

Question :-

A Shop Keeper bought a Suitcase for Rs. 480 & Sold it for Rs. 450.

Find the Gain/ Loss Percent?

Solution :-

Cost Price (CP) = Rs. 480 and Selling Price (SP) = Rs. 450

Since Selling Price (SP) < Cost Price (CP), the Shop Keeper makes a Loss.

Loss = Rs. (480 - 450) = Rs. 30

$\begin {aligned} \red {\bold {Loss\%}} & = \red {\bold {\Big ( \frac{Loss}{Cost\: Price} \times 100 \Big )\%}} \\\\\\& = \Big ( \frac{3 \cancel 0}{48 \cancel 0} \times 100 \Big )\% = \Big ( \frac{25}{4} \Big )\% \\\\\\& = \bold {6.25 \%} \end {aligned}$

Hence, the Shop Keeper sold at a Loss of 6.25%

Additional Information :-

$\boxed{\begin{minipage}{10 cm}\bigstar \:\underline{\textbf{Profit and Loss Formulas :}}\\\\ \\ \sf {\textcircled{\footnotesize\textsf{1}}} \:S.P. = \sf \bigg\lgroup\dfrac{100 + Profit \%}{100}\bigg\rgroup \times 100 \\\\\\ \sf {\textcircled{\footnotesize\textsf{2}}} \:\:C.P. = \sf \dfrac{S.P. \times 100}{100 + Profit \%} \\\\\\\sf{\textcircled{\footnotesize\textsf{3}}} \:\:Profit = \sf \dfrac{Profit \% \times C.P.}{100} \\\\\\ \sf{\textcircled{\footnotesize\textsf{4}}} \: \:Profit (gain) = S.P. - C.P. \\\\\\\sf{\textcircled{\footnotesize\textsf{5}}} \: \: \sf Profit \% = \dfrac{Profit}{C.P.} \times 100 \end{minipage}}$