Question

Diksha purchased a mobile for rupees 1500 and later sold to her friend for rupees 1200. Find her profit or gain percent

Answer 1

For Diksha

Cost Price of mobile = Rs 1500

Sold Price of mobile = Rs 1200

Since cost price is more than selling price, Diksha has loss.

Loss for Diksha = 1500 - 1200 = 300

Loss% = Loss/Cost Price * 100

           = 300/1500 * 100

           = 20%

Hope my answer helps you.

Answer 2

Hello mate

Cost price of mobile=1500 Rs
Selling price of mobile =1200Rs

Therefore there is a loss of Rs 300

Loss %=Loss/Cost Price ×100
=300/1500×100
=20%