Question

Shilpa buys some pencils at the rate of 15 for rupees 24 and sells them at the rate of 10 for rupees 18 find his loss or gain percent​

Answer 1

# rate of buying= 15 Rs. per 24 R

cost of 1 R = 15/24 Rs

# rate of selling = Rs. 10 per 18 R

cost of 1 R = 10/18 Rs.

# gain/ loss = s. p- c. p

= 10/18-15/24

= 40- 45/ 72

= -5/72

so. s. p< c. p

so loss % = loss/c. p× 100

= 5/72/15/24 × 100

= 100/ 9

= 11.11 ( approx) (ans)

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Answer 2

There is a loss of $12\%$

Step-by-step explanation:

• Profit is a metric of profitability, and it is the primary concern of the owner in the income-generating process of market production.
• A loss is defined as an overabundance of expenses over revenues, either for a single business transaction or for the total of all transactions for an accounting period.

In order to determine the loss or gain percentage, first, we should find the intensity of change.

Step 1: Acquiring the figure for the intensity of change.

Rate of purchasing: Rs. 15 per Rs. 24

∴ Cost of Rs. 1: $\frac{15}{24}=0.625$

Rate of selling: Rs. 10 per Rs. 18

∴ Cost of Rs. 1: $\frac{10}{18}=0.55$

So, loss or gain = Selling price - Purchasing price

∴ $0.55-0.625=(-0.075)$

Interpretation: If the selling price is lesser than the purchasing price then there's a loss.

Step 2: Determining the loss percentage.

Formula: $loss\%=\frac{loss}{purchasing price}\times100$

∴ $\frac{-0.075}{0.625}\times100$

∴ $(-0.12)\times100$

⇒ $-12\%$

Hence, there is a loss $12\%$