Question

The cost price of a radio is Rs.1500 and it was sold for Rs.1230, find the loss %?

Answer 1

1. Cost price=Rs.1500
2. Selling price=Rs.1230
3. loss%=?

step- by- step:

• Loss= CP-SP
• Loss%= loss ÷CP×100%
• loss= 1500-1230= Rs. 270
• loss%= 270÷1500×100%=18% loss

Answer 2

Given- Cost price (CP) of the radio = Rs. 1500

             Sale price (SP) of the radio = Rs. 1230

To Find-  The loss percentage

Solution- The cost price or the CP of the radio = Rs. 1500

                 The sale price or the SP of the radio = Rs. 1230

             When, the cost price of the commodity is more than the sale price, there is a loss incurred.

                 In this case, CP is greater than SP.

           Hence, loss = CP - SP

                                = Rs ( 1500 - 1230 )

                                = Rs 270

          Hence, loss percentage = loss/CP x 100

                                                    = 270/1500 x 100

                                                      = 18 percent

Hence, the loss percentage is 18 percent.