Question

Find profit or loss percentage :CP=$3,SP=$2.5​

Answer 1

Step-by-step explanation:

We know that SP is more than CP so it's a gain.

As the formula states Gain=SP−CP

372.60−345=27.60

Gain%=(Gain×100)/CP

=(27.60×100)/345

=8%

Answer 2

Answer:

Loss percentage is 16.66% .

Step-by-step explanation:

Given -

SP = $ 2.5

CP = $ 3

Find gain or loss percentage.

As,SP is less than CP loss occurred

Loss = cp - sp

Where,

SP= Selling price

CP = Cost price

By putting given values

$Loss = 3 - 2.5$

$Loss = 0.5$

We know that,

Loss percentage = $\frac{loss}{cp} \times 100$

By putting given values

Loss percentage = $\frac{0.5}{3} \times 100$

Loss percentage = $\frac{0.5 \times 100}{3}$

Loss percentage = $\frac{50}{3}$

Loss percentage $= 16.66$

Hence,

Loss percentage is 16.66 % .