Question

Nasim bought an article for ₹1050 but was forced to sell it for ₹930. Calculate his profit or loss per cent.

Answer 1

C.P. = ₹1050

S.P. = ₹ 930

C.P. ≥ S.P.

Loss = C.P.-S.P.

= ₹(1050-930)

= ₹ 120

Loss% = loss/CP × 100

= (120/930 × 100)

= 12.90%

Answer 2

Here CP=$1050, SP=&930

since. SP<CP

loss= CP-SP=$(1050-930)=$120

%loss = (loss/Cp)*100

• = (120/1050)*100=80/7=11whole 3 by 7%