Find the loss percent if CP-200,SP-180
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Answer:
your answer will be 10%
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Given :
- Selling Price (S.P) = Rs 180
- Cost Price (C.P) = Rs 200
To Find :
- Gain or Lose %
Solution :
- Here, as we are given that S.P and C.P , so to find gain or loss %, we have to find whether here is gain or loss.
- In order to calculate gain or loss, we'll compare C.P and S.P. If S.P is greater than there is gain, if C.P is greater than there is loss.
- And then we'll find the gain or loss % by the given formula:
If there is gain :
- Gain% = Gain / C.P × 100
If there is loss :
- Loss% = Loss / C.P × 100
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S.P = Rs 180
C.P = Rs 200
•›» Since, C.P is greater than S.P. Thus, there is Loss. We know that :
➞ Loss = Cost Price - Selling Price
➞ Loss = 200 - 180
➞ Loss = Rs 20
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Clearly, there is a Loss of Rs 20 Now, we have to find the rate of loss i.e loss% . So, we know that :
⟾ Loss% = Loss / C.P × 100
⟾ Loss% = 20 / 200 × 100
⟾ Loss% = 20 / 20 × 10
⟾ Loss% = 20 / 2
⟾ Loss% = 10%
Thus Loss% is 10%
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Extra Information:
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