Question

Mr.Sharma buys pencils for rs 500 and sells them for rs 480. Find the profit or loss. Kindly make correction​

Answer 1

Answer:

Loss = 20 Rs

Step-by-step explanation:

let no. of pencils be x,

Mr.Sharma buys x pencils for 500 Rs

He sells x pencils for 480 Rs

CP = 500

SP = 480

LOSS (CP > SP) = CP - SP

= 500 - 480

= 20 RS -(Ans)

Answer 2

Answer

Mr. Sharma buys a pencils of = 500rs

he sold those pencils in = 480rs

sp is smaller than buying price so he loss in this whole transaction.

According to the question

he loss = 500-480 = 20rs

For more.

loss percentage = 20×100/500

= 4%

Hope its helps you