Question

kerosene is purchased @rs 5/liter and sold @ 5litre/re. what is the profit/loss%​

Answer 1

Answer:

Step-by-step explanation:

CP=5per litr

SP=1/5per litr

Loss%=cp-sp/cp *100

=(5-1/5)/5 *100

=96%

Answer 2

Given - Selling price and cost price of kerosene

Find - Profit/Loss %

Solution - Firstly we will find if profit occured or loss.

Cost price = 1 litre for Rupees 5.

Selling price = 5 litre for 1 Rupee

So, Selling price for 1 litre = Rupee 1/5

Selling price = Rupee 0.2

Since selling price is less than cost price, the loss occured.

Loss = Cost price - Selling price

Loss = 5 - 0.2

Loss = Rupees 4.8

Loss percentage = loss/cost price*100

Loss percentage =

$\frac{4.8 \times 100}{5}$

Loss percentage = 96%

Therefore, 96% loss occured on kerosene.