Question

if a tv set purchased for ₹7500 be sold for ₹6600,find the profit or loss percentage.

Answer 1

Loss=7500-6600=900
Loss percentage =loss/cp*100
900/7500*100=0.12
Therefore loss percentage =12/100 or 0.12

Answer 2

Loss=CP-SP

=7500-6600

=1100

Loss%=Loss/CP ×100

=1100/7500 ×100

=14.6666666667