Question

sameena buys a toy for Rs. 200 and sells it for Rs. 180...(a) does she earn a profit or loss? give reason..(b) how much is the profit or loss..(c) what is the profit or loss percent?

Answer 1

Cost Price = Rs 200

Selling Price = Rs 180

(a) Find if it is a profit or loss

Cost Price is greater than Selling Price

⇒ It is a loss

(b) Find the loss:

Loss = Cost Price - Selling Price

Loss = 200 - 180 = Rs 20

(c) Find the lost percentage:

Loss percentage = loss/cost price x 100

Loss percentage = 20/200 x 100 = 20%

Answer: (a) Loss (b) Rs 20 (c) 20%