Question

Find profit or loss percent when: a) CP= ₹4250, SP=₹4000.​

Answer 1

Answer:

Percentage loss =  $5.8%$%

Step-by-step explanation:

Given : Cost price = Rs. $4250$

        Selling price = Rs. $4000$

To find : Profit or loss percent = ?

Solution :

• It is given that Cost price = Rs. $4250$

                         Selling price = Rs. $4000$

• We have to find the profit or loss percent.
• We know that when selling price is less than cost price, loss is made by the person.

    ∴ Loss = Cost price - Selling price

               = $4250-4000$

               = Rs. $250$

• Now,we know the formula for loss percentage as,

      % Loss = $\frac{Loss}{Cost price} *100$

                  = $\frac{250}{4250} *100$

                  = $0.058*100$

                  = $5.8%$%

• ∴ Percentage loss =  $5.8%$%

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