Question

find gain or loss percent when cp= 1500 and sp=1200​

Answer 1

Answer:

If CP = 1500 and SP = 1200Rs then % loss is 20%.

Step-by-step explanation:

When, in a transaction, the selling price is greater than the cost price, it means we earn a profit.

The profit or gain is equal to the selling price minus cost price.

When, in a transaction, the cost price is greater than the selling price, it means we incur a loss.

Loss is equal to cost price minus selling price.

CP = 1500  and SP = 1200 Rs

CP > SP

Loss = CP - SP

= 1500 - 1200

= 300 Rs

% loss = loss/CP × 100

= 300/1500 × 100

= 300/15

= 20%

So, If CP = 1500 and SP = 1200Rs then % loss is 20%.