Question

Naresh bought a radio set for ₹390 and sold it for ₹360. Find his gain or loss percentage​

Answer 1

Answer: 8.33

Step-by-step explanation: C.P of the radio = 390

S.P of the radio = 360

Loss = 390 - 360

= 30

30/360  * 100

= 8.33

Answer 2

To find: gain or loss percent

Given : cost price ( C.P ) $=R s .390$

          selling price (S.P) $=Rs. 360 .$

Solution :

• We know that, when $( C.P ) > ( S.P )$ then it is a loss.

                $\begin{aligned}\text { Loss } &=(\text { C .P })-\text { (S.P ) } \\&=R s .390-R s .360 \\&=R s .30\end{aligned}$

• Then, to find loss percent we have following formula -
• $Loss \% = (\frac{Loss}{C.P}\times 100 )\%$

                   $= (\frac{30}{360}\times 100)\%$

                  $= 8.33\ \%$  

Hence, loss percentage of Naresh is $8.33\ \%$ .