Question

A shopkeeper buys an article for Rs. 360 and sells it for Rs. 270. Find his gain or loss percent

Answer 1

cp of article = rs 360
sp = rs 270
loss = 360-270
90 rs
loss % = loss /cp ×100
90/360×100
25%

Answer 2

Answer: There is loss of 25%.

Step-by-step explanation:

Since we have given that

Cost price of an article = Rs. 360

Selling price of an article = Rs. 270

Since cost price is greater than selling price.

So, there will be loss.

As we know that

Loss = Cost price - Selling price

Loss = Rs. 360 - Rs. 270

Loss = Rs. 90

So, Loss percentage is given by

$\dfrac{Loss}{C.P.}\times 100\\\\=\dfrac{90}{360}\times 100\\\\=\dfrac{1}{4}\times 100\\\\=25\%$

Hence, there is loss of 25%.