Question

a shopkeeper bought a a bat for Rs.490/- and sold it for Rs.416.50/- . find its gain or loss percent

Answer 1

Answer:

Shopkeeper bought the bat for= ₹ 490

Shopkeeper sold the bat for= ₹416.50

As the C.P.(Cost Price) < S.P.(Selling Price)

Therefore S.P.- C.P. = Loss

₹416.50- ₹490

Therefore Loss = 73.50

Answer 2

Answer:

Step-by-step explanation:

Cost Price is Rs.490

Sell Price is Rs.416.50

Since Selling Price is greater than Cost Price the shopkeeper suffered a loss

Now amount of Loss is Cost Price-Sell Price

=Rs.(490-416.50)

=Rs. 73.5

Now the loss percent is (Loss/CP*100)%

73.5/490*100

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