Question

Find the profit or loss percentage cp=560 ,sp=540

Answer 1

Answer:

loss = cp-sp

560-540 = 20

loss percent = loss×100/cp

20×100/560= 3.5 %

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Answer 2

Given,

CP = 560/-

SP = 540/-

Here,

SP < CP

therefore, loss is occurred.

Loss % should be found now.

$loss\% \: = \frac{loss}{cp} \times 100$

but ,

LOSS = CP - SP

LOSS = ( 560/- ) - ( 540/-)

LOSS = 20/-

$\implies \: loss \% = \frac{20}{560} \times 100$

$\implies \: loss\% = 0.0357 \times 100$

$\implies \: loss\% = 3.57\%$

therefore , the loss % is 3.57% approximately.