ramesh bought a tv for ₹9000 and spent ₹1000 on its transportation. if he sells it for ₹8000. find the loss or gain percent.
Answers
Answer:
The Loss Percentage is 20%
Solution :
Loss = Cost Price -Selling Price
Or (9,000 + 1,000) - 8,000
Or 10,000 - 8,000
Or 2,000
Percentage Loss (%) = Loss / Cost Price × 100
Or 2,000 / 10,000 × 100
Or 0.2 × 100
Or 20
Formula :
Profit = Cost Price - Selling Price
Loss = Cost Price - Selling Price
Percentage Profit (%) = Profit / Cost Price × 100
Percentage Loss (%) = Loss / Cost Price × 100
Given - Cost price, expenditure and selling price
Find - Loss or gain percent
Solution - The loss percentage of Ramesh is 20%.
The total expenditure on TV will be considered as its cost price.
So, the cost price of TV = ₹9000 + ₹1000
The cost price of TV = ₹10000
The selling price of the TV = ₹8000
Since the cost price is greater than the selling price of the TV, Ramesh suffered the loss.
Loss = Selling price - Cost price
Loss = 10000 - 8000
Loss = ₹2000
Loss percentage = loss/cost price*100
Loss percentage = 2000/10000*100
Loss percentage = 20%.
The loss percentage of Ramesh is 20%.