Question

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?​

Answer 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

Answer 2

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 :

$\textsf{\underline{\underline{Case I -}}}$

Here ;

• Selling Price = Rs. 34
• Profit = Rs. 4
• Cost Price = ??

★ Profit = $\boxed{\sf{Selling\: Price-Cost\: Price}}$

⇒ 4 = 34 - CP

⇒ CP = 34 - 4

⇒ CP = 30

Cost Price = Rs. 30

$\rule{300}{1.5}$

$\textsf{\underline{\underline{Case II -}}}$

Here ;

• Selling Price = Rs. 24
• Cost Price = Rs. 30
• Profit/Loss % = ??

30 > 24

CP > SP

$\therefore$ It is Loss !

$\rule{300}{1.5}$

★ Loss= $\boxed{\sf{Cost\: Price-Selling\: Price}}$

⇒ Loss = 30 - 24

⇒ Loss = 6 rupees

$\rule{300}{1.5}$

$\bigstar \: {\boxed{\sf\:{Loss\% = \frac{Loss}{CP} \times 100}}}$

$\sf{\implies} \: Loss \: \% = \dfrac{6}{30} \times 100 \\ \\ \sf{\implies} \: Loss \: \% = \dfrac{1}{5} \times 100 \\ \\ \sf{\implies} \: Loss \: \% =20 \: \%$

Loss % = 20 %

$\therefore$ The Loss % is of 20 %.