Question

John bought cloth at Rs.225, out of it, to make a pants he spent Rs.75. Now he sells this pants to his friend for Rs.285. Find profit or loss and its percentage.

Answer 1

SOLUTION :

Given :

John bought a cloth for (C.P) = ₹ 225

Spent to make pants(expenses) = ₹ 75

Selling price of pant (S.P) = 285

Total cost price = C.P + expenses

Total cost price = 225 + 75 = ₹ 300

Total cost price (C.P) = ₹ 300

C.P > S.P

Loss = C.P - S.P

Loss = 300 - 285 = ₹ 15

Loss = ₹ 15

Loss % = (Loss/C.P ) × 100

Loss % = (15/300)/100 = 100 / 20 = 5 %

Hence, John incurred a loss of ₹ 15 & the Loss percent is 5 %.

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Answer 2

Amount for buying cloth = Rs.225

Amount for making pants = Rs.75

Total price = Rs.225+Rs.75 = Rs.300

Selling price of friends = Rs.285

Because John bought in total price Rs. 300 and selling to it to his friends in Rs. 285.

So their is loss for john = Rs.300-Rs.285

= Rs. 15

Loss in percentage $= loss *\frac{100}{cost price}$

$= 15*\frac{100}{300}$

$=5 percentage$