find the profit or loss percent when cp=rs.3.50 and sp=rs.3
plz help me it's urgent
Answers
Answer:
c.p. = 3.50
s.p.= 3
since, c.p. is greater than s.p.
therefore, it's a loss
loss = c.p. - s.p.
= 3.50 - 3
= 0.50
loss percent = loss/c.p.* 100
= 0.50/3.50*100
= 14.2857
= 14.29
Step-by-step explanation:
14.28%
Explanation:
Given, cost price (CP) = 3.50 rupees
selling price (SP) = 3.00 rupees
The cost price is greater than the selling price.
Therefore, it is loss for the seller.
The loss percent is given by
(SP - CP) * 100 / CP
(3.50 - 3) * 100 / 3.5
0.5 * 100 / 3.5
50 / 3.5
Therefore, the loss percent is given by,
50 / 3.5 = 14.28%
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