Question

If the cost price of an article is rs 200 and it's selling price is rs 250 find the loss and gain percent

Answer 1

Answer:

Gain or Profit = SP-CP

=250-200

=50 rupees

Loss = CP-SP

=200-250

= -50 rupees

Answer 2

Answer:

Profit and loss is equal to 20%

Step-by-step explanation:

• Given : 1. cost price of the article= 200 Rs,
• 2. selling price of the article= 250 Rs.
• To find: loss and gain that is profit and loss percent from that article.
• As we know the formula for profit: selling price- cost price
• And formula for loss is cost price- selling price.
• There fore first let us calculate the profit percent.
• Profit= SP-CP

SP-CP= 250-200

=50

Profit is equal to 50.

loss= CP-SP

CP-SP= 200-250

=50

Loss is equal to 50

So profit and loss is equal to 20 percent.