Question

if selling price of 8 guavas is equal to the cost price of 4 guavas. Find the percentage of profit or loss​

Answer 1

Loss percentage = 0.005%

Step-by-step explanation:

Let the Selling price of 8 guavas be S.P and Cost price of 4 guavas be C.P

Let us also consider that C.P of 1 guava = Rs.1

Then, C.P of 4 guavas = Rs. 1×4 = Rs.4

We know that:

⇒ S.P of 8 guavas = C.P of 4 guavas

⇒ S.P of 8 guavas = Rs.4

Since, the S.P of 8 guavas is Rs.4, S.P of 4 guavas would be:

⇒ S.P of 8 guavas = Rs.4

⇒ S.P of 1 guava = 4/8

⇒ S.P of 1 guava = 1/2

⇒ S.P of 4 guavas = 1/2×4

⇒ S.P of 4 guavas = Rs.2

Clearly, we can say that loss had been occured as C.P is greater than S.P.

⇒ Loss = C.P of 4 guavas - S.P of 4 guavas

⇒ Loss = Rs.4 - Rs.2

⇒ Loss = Rs.2

Let us find the loss percentage by using the formulae:

⇒ Loss% = (Loss/C.P×100)%

⇒ Loss% = (2/4×100)%

⇒ Loss% = (1/200)%

⇒ Loss% = 0.005%

Hence, the loss percentage is 0.005%