C.P = ₹345 and S.P. =₹300 gain or loss persent
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- Since C.P (Cost price) is more than S.P (Selling price) , Loss is occurred and hence we need to calculate loss percentage
Loss Percentage = (Cost Price - Selling Price)/Cost Price × 100 %
⇒ Loss Percentage = (345 - 300)/345 × 100 %
⇒ Loss Percentage = 45/345 × 100 %
⇒ Loss Percentage = 3/23 × 100 %
⇒ Loss Percentage = 300/23 %
⇒ Loss Percentage = 13.043 %
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