if an article is sold for rs 34 the profit is 4. if it is sold for rs 24 .what is the percent profit or percent loss?
Answers
Answered by
1
Answer:
20 percent loss
Step-by-step explanation:
if the article is sold at a profit of 4 and selling price is 34 then it's cost price is 30 then if the item sold for 24 then there will be a loss of 6rs
then 6/30*100=20percent loss
Answered by
13
Step-by-step explanation:
Given :
Article was sold at = Rs. 34
Profit = Rs. 4
To find :
Profit/Loss % when article is sold at Rs. 24
Solution :
Here ;
- Selling Price = Rs. 34
- Profit = Rs. 4
- Cost Price = ??
★ Profit =
⇒ 4 = 34 - CP
⇒ CP = 34 - 4
⇒ CP = 30
Cost Price = Rs. 30
Here ;
- Selling Price = Rs. 24
- Cost Price = Rs. 30
- Profit/Loss % = ??
30 > 24
CP > SP
It is Loss !
★ Loss=
⇒ Loss = 30 - 24
⇒ Loss = 6 rupees
Loss % = 20 %
The Loss % is of 20 %.
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