Question

Calculate profit / loss percent, when :
1) Cost price : Rs 700 Selling price = Rs 500
2) Cost price = Rs 100 Profit = Rs 40​

Answer 1

Answer:

1) Cost price : Rs 700 Selling price = Rs 500 ,Loss %= 28.57

2) Cost price = Rs 100 Profit = Rs 40​, Profit %   = 40

Step-by-step explanation:

1) Cost price : Rs 700 Selling price = Rs 500

Profit/Loss = SP -CP

                  =500-700

                  = -200

Since the answer is negative therefor there is loss

Loss % = Loss/CP x 100

             = 200/700 x 100

             = 200 / 7

            = 28.57

2) Cost price = Rs 100 Profit = Rs 40​

Profit % = Profit/CP x 100

              = 40/100 x 100

              = 40

Answer 2

Answer:

Step-by-step explanation:

please find the attachment..