Question

A shopkeeper bought a table for Rs. 500 and sold it for Rs. 300. Find the loss percentage.

Answer 1

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✰Given:-

For the shopkeeper,

Cost price of the table (cp) = Rs.500

Selling price of the table (sp) = Rs.300

✰To Find:-

Loss percentage incurred by the shopkeeper

✰Solution:-

Loss

$\purple{ = cost \: price \: (cp) \: - selling \: price \: (sp)} \\ \\ \blue{ = Rs.500 - Rs.300} \\ \\ \pink{➵ Rs.200}$

Therefore,

Loss percentage incurred by the shopkeeper

$\blue{= \frac{loss}{cost \: price} \times 100\% }\\ \\ \purple{ = \frac{ {\cancel{ Rs.200}}^{ \: \: 2} }{ \cancel{Rs.500}^{ \: \: 5} } \times 100\% }\\ \\ \green{ = \frac{2}{5} \times 100\%} \\ \\ \orange{= \frac{200\%}{5} } \\ \\ \bold{ \red{ { ➵ 40\%}}}$

Hence, the loss percentage incurred by the shopkeeper is 40% .

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Answer 2

Cost price of the cycle = Rs. 1200

Selling price of the cycles = Rs. 1500

SP > CP ⇒ there is a gain.

⇒ Gain = SP - CP = 1500 - 1200 = Rs. 300

∴ Gain Percentage = CPGain(100)%

=1200300(100)%=25%

∴ The shopkeeper makes a profit of 25%.