A skirt bought for ₹250 and sold at ₹150. Find loss or gain%.
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Answer:
Step-by-step explanation:
Cost price of skirt = Rs. 250
Selling price of skirt = Rs. 150
Since, C.P. > S.P., therefore here is loss.
∴∴ Loss = C.P. – S.P. = 250 – 150 = Rs. 100
Now Loss% = Loss/C.P.×100
= 100/250×100 = 40%
Therefore, Profit = Rs. 100 and Profit% = 40%
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