Question

*The cost price of a table fan is ₹ 650 and it was sold at a loss of ₹ 78.* 1️⃣ percentage of loss on selling the table fan is 12 %. 2️⃣ percentage of loss on selling the table fan is 15 %. 3️⃣ percentage of profit on selling the table fan is 12 %. 4️⃣ percentage of profit on selling the table fan is 15 %.​

Answer 1

Answer:

1️⃣ percentage of loss on selling the table fan is 12 %.

Step-by-step explanation:

Given :-

The cost price of a table fan is ₹ 650 and it was sold at a loss of ₹ 78.

To find :-

Check profit or loss and percentage ?

1️⃣ percentage of loss on selling the table fan is 12 %.

2️⃣ percentage of loss on selling the table fan is 15 %.

3️⃣ percentage of profit on selling the table fan is 12 %.

4️⃣ percentage of profit on selling the table fan is 15 %.

Solution:-

Given that

The Cost Price of a table fan = ₹ 650

Loss on it = ₹ 78

We know that

Selling Price = Cost Price - Loss

=> Selling Price = 650-78 = ₹ 572

We know that

Loss percentage = (Loss/Cost Price)×100

=> l% = (78/650)×100

=> l% = (78×100)/650

=> l% = 7800/650

=> l % = 780/65

=> l% = 60/5

=> l % = 12%

Loss Percentage = 12%

Answer :-

Percentage of loss on selling the table fan is 12 %.

Used formulae:-

→ Selling Price = Cost Price - Loss

→ Loss percentage = (Loss/Cost Price)×100