Calculate. Profit/loss percentage for the following.
cp=3000:sp=1800
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Answer-
It is loss with a percentage of 40%.
Step By Step Explanation:-
In the Context to the given, we have to find the profit or loss percentage
According to the given data,
Cost Price = 3000/-
Selling Price = 1800/-
To find whether it’s a Profit or loss,
We know that,
Profit or loss = Selling price - Cost Price
Profit or loss = 1800 - 3000
Profit or loss = -1200
As the answer is negative
It is a loss of Rs 1200/-
Loss = 1200RS
Now,We have to find the loss percentage
Loss percentage = (Loss/Cost price) x 100
By putting the values
We get;
Loss percentage = (1200/3000) x 100
By division we get:
Loss percentage = 0.4 x 100
Loss percentage = 40%
Therefore,
Loss percentage is of 40%
It is loss with a percentage of 40%.
Step By Step Explanation:-
In the Context to the given, we have to find the profit or loss percentage
According to the given data,
Cost Price = 3000/-
Selling Price = 1800/-
To find whether it’s a Profit or loss,
We know that,
Profit or loss = Selling price - Cost Price
Profit or loss = 1800 - 3000
Profit or loss = -1200
As the answer is negative
It is a loss of Rs 1200/-
Loss = 1200RS
Now,We have to find the loss percentage
Loss percentage = (Loss/Cost price) x 100
By putting the values
We get;
Loss percentage = (1200/3000) x 100
By division we get:
Loss percentage = 0.4 x 100
Loss percentage = 40%
Therefore,
Loss percentage is of 40%
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