Question

A tape recorder costing Rs 920 was sold for Rs. 828. Find the profit ir loss %.

guys plzz give the answer with method.....

Answer 1

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Here is the solution:

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Cost Price = Rs 920 (Given)

Selling Price = Rs 828 (Given)

Find profit/loss:

Since cost price > selling price => it is a loss

loss = 920 - 828 - Rs 92

Find the loss percentage:

Loss percentage = loss/cost price x 100

Loss percentage = 92/920 x 100 = 10%

Answer: The tape recorder was sold with a loss of 10%

Answer 2

Hope it is helpful. I have just given it as an attachment.