Question

C.P. =₹400,S.P. =₹379.75 find loss and profit

Answer 1

Answer:

loss=₹20.25

Step-by-step explanation:

loss=CP-SP = ₹(400-379.75)=₹20.25

there will be only loss because cp>sp

Answer 2

Loss = ₹20.25

loss% = 5.0625

Explanation:

Given:

1. Cost Price = ₹400

2. Selling Price = ₹379.5

To find:

1. profit or loss

2.Profit% or loss%

Formula:

Profit = Selling price - Cost price

Loss = Cost price - Selling price

Profit% =  $\frac{profit}{cp}\times100$

loss% =  $\frac{loss}{cp}\times100$

Solution:

==> Compare cost price and selling price

==> If the selling price is high, That is profit

==>  If the Cost price is high, That is loss

==> S.P = ₹379.75

==> C.P = ₹400

==> C.P > S.P

==> It is loss

==>  Loss = Cost price - Selling price

==> Loss = 400-379.75

==> Loss = ₹20.25

==>  loss% =  $\frac{loss}{cp}\times100$

==>  loss% =  $\frac{20.25}{400}\times100$

==> loss% =  $\frac{20.25}{4}$

==> loss% = 5.0625