Question

The cost of one chair is 1,050. Its selling price is 900. What is the
profit or loss percentage?​

Answer 1

Answer:

The loss percentage faced is 14.28 %.

Step-by-step explanation:

Given:

Cost of one chair = Rs. 1050

It's selling price = Rs. 900

To find:

Loss or Profit %

Solution :

Whenever the SELLING PRICE is greater in value than the COST PRICE, then the deal faces PROFIT.

If the COST PRICE is having greater value than the SELLING PRICE, then the deal faces LOSS.

In the given question,

• Selling Price = Rs. 900
• Cost Price = Rs. 1050

Selling Price < Cost Price.

Clearly it's a loss.

___________________

★ Loss % :

⇒ Loss % = (CP - SP)/CP × 100

⇒ Loss % = (1050 - 900)/1050 × 100

⇒ Loss % = 150/1050 × 100

⇒ Loss % = 15000/1050

⇒ Loss % = 14.28 %

Loss % is 14.28 %

Therefore, the loss percentage faced is 14.28 %.

Answer 2

Answer:

CP of chair=₹1050

SP of chair=₹900

because,CP>SP

therefore,

Loss= CP - SP

=₹1050-₹900

=₹150

Loss% = (Loss/CP)*100%

=(150/900)*100%

=(150/9)%

Loss% =16.6%. (answer)

Hope you understand!

Thank you.