Question

firoz paid rs 472 for a toy car. he spent rs 28 on its transportation. if it is sold for rs 490 find its profit or loss percent

Answer 1

Answer:

Loss = 2%

Step-by-step explanation:

CP of toy car = 472

Spent on transportation = 28

Actual CP = 472 + 28

= 500

SP of toy card = 490

SP < CP

loss = CP - SP

= 500 - 490

= 10

Loss % = loss/CP X 100

= 10/500 X 100

= 2%

So, Loss% = 2%

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Answer 2

➤ Given :-

Cost price of toy car :- ₹472

Cost spent on it's repairs :- ₹28

Selling price :- ₹490

$\:$

➤ To Find :-

The profit or loss percentage obtained...

$\:$

➤ Formula required :-

$\large \dashrightarrow \orange{\boxed{\tt \gray{\dfrac{Profit \: (or) \: Loss}{CP} \times 100}}}$

$\:$

★ How to do :-

Here, we are given with the cost price, the cost spent on it's repairs and the selling price of a toy car. We are asked to find the profit or loss percentage obtained to Firoz while selling that car. So, first we should find the total cost price of that car by adding the given cost price and the cost spent on it's repairs. Then, we should find the loss rupees by subtracting the cost price and selling price. Later, we can use the given formula for finding the loss percentage.

➤ Solution :-

Total cost price :-

${\tt \leadsto 472 + 28}$

${\tt \leadsto Rs \: \: 500}$

$\:$

Loss rupees :-

${\tt \leadsto 500 - 490}$

${\tt \leadsto Rs \: \: 10}$

$\:$

Now,

Loss percentage :-

${\tt \leadsto \dfrac{10}{500} \times 100}$

${\tt \leadsto \cancel \dfrac{10}{500} \times 100 = \dfrac{1}{50} \times 100}$

${\tt \leadsto \dfrac{1 \times 100}{50} = \dfrac{100}{50}}$

${\tt \leadsto \cancel \dfrac{100}{50} = \boxed{\tt 2 \bf\%}}$

$\Huge\therefore$ The loss percentage of the toy car obtained to Firoz is 2%.

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$\small\boxed{ \begin{array}{cc}\large\sf\dag \: {\underline{More \: Formulae}} \\ \\ \bigstar \: \sf{Gain = S.P – C.P} \\ \\ \bigstar \:\sf{Loss = C.P – S.P} \\ \\ \bigstar \: \sf{S.P = \dfrac{100+Gain\%}{100} \times C.P} \\ \\ \bigstar \: \sf{ C.P =\dfrac{100}{100+Gain\%} \times S.P} \\ \\\bigstar \: \sf{ S.P = \dfrac{100-loss\%}{100} \times C.P} \\ \\ \bigstar \: \sf{C.P =\dfrac{100}{100-loss\%} \times S.P}\end{array}}$