Question

A watch was bought for 425 and sold for 400 . find the loss per cent ​

Answer 1

Answer:

5.88%

Step-by-step explanation:

Loss Percent = Loss/Cost Price * 100

$25/425*100\\=5.88$

The amount of money lost as a proportion of the real cost price is the amount of money lost. The terms "profit" and "loss" are among the most often used in the business world. The money the owners of a business make after deducting their costs is referred to as "profit."

Gain = CP - SP

when CP > SP

While the selling price, or SP, refers to the price at which the product was sold to the customer, the cost price, or CP, refers to the actual cost of the good or service.

If a product's cost price is higher than its selling price, the business of the company is said to be losing money; yet, if the product's cost price is lower than the price at which it is being sold, the business may be making money.

Loss % = 100 x Loss/CP.

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