Question

Find the gain or loss percentage
1) C.P=120 S.P=80​

Answer 1

Answer:

it is a loss percent as the Cp is greater than sp

Answer 2

Since the C.p is more than S.p,

thus ,

loss = c.p - s.p = 120-80= 40...

thus loss % = 40×100/120 = 100/3= 33.33%