Question

Please give me confident answer by solving : -
Gain or loss % on a shirt which costs ₹ 300 & sold for ₹ 260 is

Answer 1

➤ Given :-

Cost price (CP) :- ₹ 300

Selling price (SP) :- ₹ 260

➤ To Find :-

Gain or loss percentage of the shirt

➤ Formula required :-

$\large \tt \orange{\boxed { \gray { \tt loss \div cp \times 100} }}$

➤ Solution :-

Loss :-

$\tt \to 300 - 260$

$\to \tt40$

Loss percentage :-

$\to \tt \dfrac{40}{300} \times 100$

$\to \tt \dfrac{40}{ \cancel {300}} \times \cancel{100} = \dfrac{40}{3}$

$\tt \to13. 33\bf\%$

$\Huge\therefore$The loss percentage of the shirt is 13.33$\bf\%$

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$\dashrightarrow$ Some related formulas :-

Loss = ${\boxed{\tt CP-SP}}$

Profit = ${\boxed{\tt SP-CP}}$

Loss percentage = ${\boxed{\tt Loss \div CP \times 100}}$

Profit percentage = ${\boxed{\tt Profit÷CP \times 100}}$