Question

find loss percent if SP is ₹61.75 and CP is ₹64

Answer 1

loss = 64-61.75=2.25
loss percent = (2.25×100)/64 = 3.51%

Answer 2

Cost Price (C.P.) = Rs. 64.00

Selling Price (S.P.) = Rs. 61.75

As, S.P. < C.P.

Hence, it's a Loss.

Loss = C.P. - S.P.

= Rs. ( 64.00 - 61.75 )

= Rs. 2.25

∴ Loss % = (Loss / C.P. × 100)

= ( 2.25 / 64 × 100 ) %

= ( 225 / 64 ) %

= 3.51 % (approximate value)

Hope it helps ツ