Question

TV is purchase at the rate of Rs 5500 and it was sold for rupees 4500 what is the percentage of their profit or loss

Answer 1

C.P-S.P= loss

5500-4500=1000

(1000/5500 ×100)

=18.1818182%

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Answer 2

Concept:

Percent is the special mathematical measurement of mathematical values, numerical quantities or fraction out of total 100.

Profit is the extra money trader gets after selling a product on cost price and Loss is the money trader lost after selling a product on cost price.

Given:

Given that, the purchase price of a TV is Rs 5500 and the selling price is Rs 4500.

Find:

The percentage of profit or loss.

Solution:

Given that the cost of the TV to buy is Rs 5500

and selling price is Rs 4500

So here since the selling price is lower than the cost price so it is a case of loss.

Amount of loss = Cost price - Selling price = 5500 - 4500 = 1000

Fraction of loss = 1000/5500 = 10/55 = 2/11

Then the loss percentage is = (2/11)*100% = 18.2% (approximately)

Hence the percentage of loss if TV is sold for Rs 4500 after buying Rs 5500 is given by approximately 18.2%.

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