The selling price of an item was Rs.616 after 12% profit was added. If the same item is sold for Rs.462, then what will be loss percentage?
Answers
⚡Hey mate⚡
✨Here is your answer✨
In the pic selling price with 10 % profit = 440
It means that 440 is equal to 110%
Because cost price is 100 % + 10 % profit
110% = 440
If 110% = 440
Then 1% is
1% = 440 ÷ 110
1% = 4
If 1% equal to 4 then 100 % is
100 % = 4 × 100
100 % = 400
It means that cost price is 400 rupees
Now we have to sold the item in 370 rupees
It means that we have loss on it
Loss = cost price - sell price
Loss = 400 - 370
Loss = 30
We have to calculate loss present
Loss % = loss ÷ cost price × 100
Loss % = 30 ÷ 400 × 100
Loss % = 7.5
Answer:
25%.
Step-by-step explanation:
Cp = ₹.616.
Profit% = 12. Loss = cp - sp = 616- 462= 154.
If it is sold for ₹.462.
Then loss percentage is given as
Loss% = loss* 100/cp.
= 154*100/616.
= 15400/616.
= 25
Loss = 25%.