Question

Rahul purchased a table for ₹12000 ;and spent ₹600 on getting it polished because of scratches on its top, but he had to sell it for ₹11970. Find his loss or gain percent.

Answer 1

Solution

Given :-

• Rahul purchase a table = ₹12000
• spend ₹600 for polish
• Selling Price of table = ₹11970

Find :-

• Loss or Profit in percentage .

Explanation

Here,

• Total cost Price of table will be = 12,000 + 600 = 12,600

Since,

Cost price is greater that it's selling price.

That's means Rahul got loss on table.

Using Formula,

$\dag\boxed{\underline{\tt{\red{\:Loss\:=\:(CP-SP)}}}}$

$\dag\boxed{\underline{\tt{\orange{\:Loss\%\:=\:\dfrac{Loss\times100}{CP}}}}}$

First Calculate Loss,

==> Loss = 12,600 - 11,970

==> Loss = 630

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Now, Calculate %Loss,

==> %Loss = Loss × 100/CP

==> %Loss = 630 × 100/12,600

==> %Loss = 630/126

==> %Loss = 5%.

Hence

• Loss % of table will be = 5%.

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