Question

find the profit or loss per cent in each of the following cases (a) c.p.321, s.p. 257​

Answer 1

Answer:

Loss in suffered and loss ℅ is 19.94 ℅

Step-by-step explanation:

Always remember that, loss and profit percentage is calculated on cost price.

Given information that will be used to arrive at our answer,

Cost Price(CP) = Rs. 321

Selling Price (SP) = Rs. 257

We notice that, the cost price is greater than the selling price (i.e. Rs. 321 > Rs. 257).

Hence, we can conclude that loss is suffered.

Loss = 321 - 257 = Rs. 64

Loss ℅ will be calculated as follows,

$\frac{64}{321} \times 100 \\ \\ = \frac{6400}{321} \% \\ \\ = 19.94\%$

Hence, loss ℅ = 19.94℅