Question

A shopkeeper bought 12 bed covers for Rs4200 each.He sold them at Rs 3500each .Find his profit or loss percentage? *

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Answer 1

Loss percentage of the shopkeeper = 16.67%

Step-by-step explanation:

Given:

Number of bed covers = 12

Cost price of one bed cover = Rs. 4200

Selling price of one bed cover = Rs. 3500.

Find: Profit/loss percentage.

Solution:

Since selling price is less than cost price, the shopkeeper incurred a loss.

Loss per bed cover = CP - SP = 4200 - 3500 = 700

Loss percentage = 700 / CP * 100

  = 700 / 4200 * 100

  = 16.67%

Loss percentage of the shopkeeper = 16.67%

Answer 2

Step-by-step explanation:

Hello dear,

Shopkeeper bought 12 bed cover

and coast of each bed cover = ₹4200

so, coast price of 12 bed cover= 12×4200

= ₹50400

And shopkeeper sold 12 bed cover at the rate of ₹3500 per bed cover, so total selling price= 12× 3500

= ₹42000.

so there is loss= C.P. - S.P

= ₹50400-₹42000

=₹8400.

Therefore loss% = (loss/C.P.)×100

= (8400/50400)×100

= (1/6)×100

= 16.67% answer.