Question

An article bought for rs 200 and sold at rs 196 what is the loss

Answer 1

$\textbf{\underline{\underline{Answer :-}}}$

The loss is of Rs.4

$\textbf{\underline{\underline{Explanation :-}}}$

$\textsf{\underline{\underline{Given :}}}$

The Article was bought for Rs.200

Sold for = Rs.196

$\textsf{\underline{\underline{To find :}}}$

The loss

$\textsf{\underline{\underline{Solution :}}}$

The price at which a thing is bought is the Cost Price of the item.

The price of which the thing is sold is the Selling Price of the item.

Here,

Selling Price = Rs.196

Cost Price = Rs.200

Whenever the Cost Price is greater then Selling Price it's Loss.

And, whenever the Selling Price is greater then Cost Price, it's a Profit.

Here the Cost Price > Selling Price

$\therefore$ It is a Loss

★ $\boxed{\sf{Loss = Cost\:Price - Selling\:Price}}$

$\sf{\implies} \: 200 - 196$

$\sf{\implies} \: 4$

$\boxed{\boxed{\sf{Loss = Rs.4}}}$

$\therefore$ The loss is of Rs.4

Answer 2

$\huge{\mathfrak{\underline{Solution:}}}$

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$\sf{\large{\underline{\underline{Given:}}}}$

$\textbf{Cost Price (C. P.) of an Article = Rs. 200} \\ \\ \textbf{Selling Price (S. P.) of an Article = Rs. 196}$

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$\sf{\large{\underline{\underline{To \: Find:}}}}$

$\bf The \: Loss$

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$\sf{\large{\underline{\underline{Formula \: To \: Use:}}}}$

$\sf{Loss = \boxed{ \boxed{\sf C. P. - S. P.} } }$

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$\sf{\large{\underline{\underline{Explanation:}}}}$

$\sf Here \underline{\textbf{ C. P. > S. P.}} \\ \\ \sf So, \: It \: is \: \bf \underline{Loss.}$

$\bf Loss = C. \: P. - S. \: P. \\ \: \: \: \: \: \: \: \: \bf \: \: \: = 200 - 196 \\ \: \: \: \: \: \: \: \: \bf \: \: \: = \boxed {\boxed{ \bf 4}}$

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$\large{\sf{Additional \: Information:}}$

$\bf \large Loss \ratio$

❖ A loss occurs when an item is sold for less than it cost.

❖ If the Selling Price is Less than Cost Price, it is Loss.

$\large \bf Profit \ratio$

❖ A Profit occurs when an item is sold for more than it cost.

❖ If the Selling Price is more than Cost Price, it is Profit.

$\large \bf Selling \: Price :$

❖ Selling price is the price at which a product or service is sold to the buyer.

$\large \bf Cost \: Price :$

❖ Cost Price is the price that is incurred to produce a product or provide a service to the buyer.

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