Question

Find the profit or loss per cent in the following cases,
a. C.P. = 1000 and S.P. =1250
b. C.P. = 3 400 and S.P. =3380​

Answer 1

Answer:

a. here sp> cp

so

1250- 1000= 250( profit)

As we know that

prifit% = (gain/ cp.) ×100

(250/ 1000)×100=25%(profit per%)

b. here we get that sp< cp

so cp-sp

3400-3380 =20(loss)

as we know that

loss% =( loss/ cp)×100

(20/3400)× 100 = 10/27%(loss%)

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Answer 2

Step-by-step explanation:

Gain% = Gain/ Cost Price * 100

In situation A

Cost price < Selling price

Gain = SP - CP

Gain = 250

Gain % = 250/1000 * 100

= 25

Therefore gain% is = 25

In situation B

CP > SP

Loss% = Loss / Cost price*100

Loss = CP - SP

= 20

Loss% = 20/3400 * 100

= 0.58823529411764705882352

Therefore loss% = 0.5882

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