Question

Rashmi brough a purse for Rs 720 and sold it fot Rs660 . find her loss or gain percent​

Answer 1

GIVEN

We are given that Rashmi bought a purse for Rs 720 and sold it for Rs 660

It means that

Cost Price = Rs720

Selling Price = Rs660

FORMULA

To predict gain or loss percent, we follow the following procedure

For percentage gain , ( SP > CP)

%gain = (SP - CP / CP) × 100

For percentage loss, (CP > SP)

%loss = (CP - SP / CP) × 100

SOLUTION

In the question, it is pretty evident that we need to find %loss because Cost price of purse is more than Selling price of purse

%loss = CP - SP / CP

%loss = (720 - 660 / 720) × 100

%loss = (100/12)

%loss = 8.3 %