Question

find the profit and loss% when CP=RS=700 and selling price=658​

Answer 1

Loss

Step-by-step explanation:

CP-SP

700-650

= I50

Answer 2

Before, finding the answer. Let's find out how we can find the answer.

• Here in this question, we have to find the Profit or Loss%.
• So first, we have to find the loss or profit and to do that we must compare them. If S.P > C.P it is Profit and if C.P > S.P it is loss.
• Next, we must subtract the S.P and C.P to find the Loss or Profit.
• Then, to find the Profit or Loss%, we must use the formula of :

$\boxed{\sf Profit \: or \: Loss \% = \frac{Profit/Loss }{C.P} \times 100}$

__________________

Given :

• C.P = Rs. 700
• S.P = Rs. 658

To find :

• Profit or Loss%

Solution :

Since,

C.P > S.P, here it is loss.

Loss = C.P - S.P

        = Rs. 700 - 658

        = Rs. 42

${\sf Loss \% = \dfrac{Loss}{C.P} \times 100}$

         $\sf = \dfrac{42}{700} \times 100}$

         $\sf = \dfrac{4200}{700}$

         =  6%

Therefore, the loss is 6%.