Question

find profit / loss, if a car purchased for ₹ 350000 is sold for ₹ 300000 ​

Answer 1

Step-by-step explanation:

CP of the car = Rs. 350000

SP of the car = Rs. 300000

Loss = Rs. 350000- Rs. 300000

= Rs. 50000

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Answer 2

Answer:

Step-by-step explanation:

Given -

Car purchased for ₹ $350000$

Car sold for ₹ $300000$

To find -

Profit / loss

Solution-

C.P. = Cost price

S.P. = Selling Price

Car purchased for ₹ $350000$

C.P.=  ₹ $350000$

Car sold for ₹ $300000$

S.P. =  ₹ $300000$

As we know that

Profit / loss = $S.P.-C.P.$

These formula is same for profit and loss formula but here after putting value of C.P. and S.P. when we get answer with negative sign from these we say that it is loss and when we get answer with Positive sign means profit.

Loss means cost price (C.P.) is higher than Selling price (S.P.).

Here, S.P. is less than C.P. So, it is loss.

Put the value in these formula,

Loss=  ₹ $300000$ -  ₹ $350000$

Loss = $300000-350000$

Loss = $-50000$

The loss is 50000 rupees.

For Loss percentage

$loss \:\: percentage= \frac{loss}{C.P.} \times100$

$loss \:\: percentage= \frac{50000}{350000} \times100$

$Loss \:\: percentage= \frac{500}{35}$

$Loss \:\: percentage= 14.28$ %