Question

a toy is sold for one 40 rupees at a loss of 30 percent find the loss of cost price​

Answer 1

Answer:

Formula: Loss = Cost price (C.P.) – Selling Price (S.P.) Profit or Loss is always calculated on the cost price.

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Below is the list of some basic formulas used in solving questions on profit and loss:

Gain % = (Gain / CP) * 100.

Loss % = (Loss / CP) * 100.

SP = [(100 + Gain%) / 100] * CP.

SP = [(100 – Loss %) / 100]*CP.

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

initial price of toy: 40rs

loss in percent: 30%

loss of cost price= 40× 30÷100

= 12rs

:. he sold the toy at the loss of rs 12