if Jamil buys a pencil for Rs 200 and sells it for Rs 500,is he making a profit or loss?And how much loss is he making?And What is his Loss percentage?
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➽The ratio equivalent to
Sizes
➽We can find equivalent ratios by multiplying or dividing the numerator and denominator by the same number.
⇨Equivalent ratios are ratios that make the same comparison of numbers. Two ratios are equivalent if one can be expressed as a multiple of the other.
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He made a profit in that case.
He bought the pen for 200.
Sold it for 500.
So, total profit=(500-200)=300.
He bought the pen for 200.
Sold it for 500.
So, total profit=(500-200)=300.
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