a tricycle was purchased for₹ 4000and sold for₹ 3360. Find the loss and loss percent.
Answers
Answer:
TRICYCLE PURCHASED :- 4000
TRICYCLE SOLD:-3360
Step-by-step explanation:
LOSS=TRICYCLE PURCHASED - TRICYCLE SOLD
= 4000 - 3360
=640
SO,THE LOSS = 640
LOSS '/. = TRICYCLE SOLD÷TRICYCLE PURCHASED×100
= 3360÷4000×100
= 0.84 ×100
= 84 precent
SO,THE LOSS '/, = 84 PERCENT
- Loss = ₹640
- Loss % = 16% .
Given :- A tricycle was purchased for ₹4000 and sold for ₹3360.
To Find :- Loss and Loss percent ?
Formula used :-
- When CP(cost price) is greater than SP(selling price), the seller is said to have incurred loss .
- Loss = CP - SP .
- Loss % = (Loss × 100) / CP .
Solution :-
given that,
→ CP of tricycle = ₹4000
→ SP of tricycle = ₹3360
as we can see that,
→ 4000 > 3360
→ CP > SP .
therefore, we have incurred loss .
So,
→ Loss = CP - SP = 4000 - 3360 = ₹640 (Ans.)
then,
→ Loss % = (Loss × 100) / CP
→ Loss % = (640 × 100) / 4000
→ Loss % = (640/40)
→ Loss % = 16% (Ans.)
Extra :-
- When SP > CP , the seller is said to have incurred profit / gain .
- Profit = SP - CP
- Profit % = (Profit × 100) / CP .
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