What is loss in mathematics ????
Answers
Answer:
The amount the seller incurs after selling the product less than its cost price, is mentioned as a loss.
Step-by-step explanation:
formula ⤵️
✔️Loss = Cost Price – Selling Price
✔️Loss percentage = (Loss / Cost price) x 100
✔️Loss, L = CP – SP; CP>SP
✔️L% = (L/CP) x 100
example ⤵️
If a salesperson has bought a textile material for Rs.300 and he has to sell it for Rs.250/-, then he has gone through a loss of Rs.50/-.
Some problems with answers ⤵️
Q. 1: Suppose a shopkeeper has bought 1 kg of apples for 100 rs. And sold it for Rs. 120 per kg. How much is the profit gained by him?
Solution:
Cost Price for apples is 100 rs.
Selling Price for apples is 120 rs.
Then profit gained by shopkeeper is ; P = SP – CP
P = 120 – 100 = Rs. 20/-
Q.2: For the above example calculate the percentage of the profit gained by the shopkeeper.
Solution:
We know, Profit percentage = (Profit /Cost Price) x 100
Therefore, Profit percentage = (20/100) x 100 = 20%.
Q.3: A man buys a fan for Rs. 1000 and sells it at a loss of 15%. What is the selling price of the fan?
Solution: Cost Price of the fan is Rs.1000
Loss percentage is 15%
As we know, Loss percentage = (Loss/Cost Price) x 100
15 = (Loss/1000) x 100
Therefore, Loss = 150 rs.
As we know,
Loss = Cost Price – Selling Price
So, Selling Price = Cost Price – Loss
= 1000 – 150
Selling Price = R.850/-
Q.4: If a pen cost Rs.50 after 10% discount, then what is the actual price or marked price of the pen?
Solution: MP x (100 – 10) /100 = 50
MP x (90/100) = 50
MP = (50 x 100)/90
MP = Rs. 55.55/-
Answer:
A loss occurs when an item is sold for less than it cost. A loss is often expressed as a percentage of the cost price. This is called the percentage loss.