Question

an article costing rupees 5000 is sold for 4850 is there a for profit are loss ? what is the percentage
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Answer 1

Step-by-step explanation:

loss = 5000-4850

loss= 105

Answer 2

Answer:

150 Rs.

3%

Step-by-step explanation:

The article has cost price of 5000 Rs. and the selling price of the same article is 4850 Rs.

Hence, there is a loss in this business as the cost price is greater than selling price.

And the amount of loss is given by (Cost price- Selling price) =(5000-4850)=150 Rs. (Answer)

Now, the percentage of loss is given by (Amount of loss/Cost price)*100% = (150/5000)*100% = 3% (Answer)