Question

find gain or loss per cent CP- 12600 and SP- 1280​

Answer 1

Given :-

• CP = ₹12600
• SP = ₹1280

To find :-

Gain % or loss %

Method :-

In the above question,

Cost price is greater than Selling price

⇒ CP > SP

⇒ We need to find loss %

Loss = CP - SP

⇒ Loss = 12600 - 1280

⇒ Loss = ₹11320

$\sf{loss\% = \frac{loss \times 100}{ {cp}} } \\ \\ \implies \sf{loss\% = \frac{11320 \times 100}{12600} } \\ \\ \implies \sf{loss\% = \frac{1132000}{12600} } \\ \\ \implies \sf{ \boxed{ \boxed{ \sf{loss\% = 89.84\%}}}}$

Additional information:

1. CP means the Cost Price. It is the price from which the merchant has purchased from the market.
2. SP means the Selling Price. It is the price which the merchant sells to the customer. He can sell it either on profit or loss.
3. In this question, the merchant has made a loss of 89.84 %
4. Cost price - Selling Price = Loss
5. Selling Price - Cost Price = Profit