Question

Ravi bought a television sets for rupees 50000 and sold it for rupees 40000. Find his profit / loss and also profit / loss percent.​

Answer 1

loss=10000Rs

loss%=20%

Answer 2

Answer:

Ravi has a loss of Rs. $10000$ and his percentage loss is $20$%.

Step-by-step explanation:

Given : The cost price of TV set = Rs. $50000$

            Selling price of TV set = Rs. $40000$

To find : Ravi's profit or loss =?

           Profit or loss percentage = ?

Solution :

• It is given that the cost price of TV set = Rs. $50000$

                      Selling price of TV set = Rs. $40000$

• We have to find the profit or loss and its percentage also.
• We know that, when cost price is greater than selling price, then loss is made by the person.

          ∴ Loss = Cost price - Selling price

                     = $50000-40000$

                     = Rs. $10000$

• We know the formula for percentage loss,

      Percentage loss = $\frac{Loss}{Cost price}*100$

                               = $\frac{10000}{50000} *100$

                               = $20$%

• ∴ Ravi has a loss of Rs. $10000$ and his percentage loss is $20$%.