Question

A shopkeeper buys an article forRs 370 and sells it for Rs 259 . Find the profit or loss and the profit per cent or loss per cent .

Solve in a copy .

Answer 1

Answer : Loss Percentage = 30%

Explanation :

Given :

Cost price of an article = 370

Selling price of an article = 259

Cost price is more so loss is occurred.

Finding Loss :-

Loss = Cost Price - Selling Price

Loss = 370 - 259

Loss = 111

Finding Loss Percentage :-

Loss % = (loss /cp) x 100

=> (111/370) x 100 = 30%.

Loss Percentage = 30%

Hence loss percentage = 30%.

Answer 2

Given Cost price of an article = 370.

Given Selling price of an article = 259.

Here, Cost price > Selling price. So, Loss has occurred.

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We know that Loss = Cost price - Selling price

= > 370 - 259

= > 111.

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Now,

We know that Loss% = (Loss/Cost price) * 100

= > (111/370) * 100

= > 11100/370

= > 30%.

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Therefore, the loss is rs. 111 and the loss percent is 30%.

Hope this helps!