Question

What is the profit or loss percentage for a skirt that was bought for Rs.250 and sold at Rs.150?

Answer 1

$\huge\sf{\underline{\underline{➪Sᴏʟᴜᴛɪᴏɴ \: :-}}}$

We have,

SP = Rs 150

CP = Rs 250

Since

CP > SP

Therefore

Loss = CP-SP = Rs 100

and, Loss%

$\frac{100}{250} \times 100 = 40$

Answer 2

$\huge\sf{\underline{\underline{➪Sᴏʟᴜᴛɪᴏɴ \: :-}}}$

CP = Rs. 250

SP = Rs. 150

Profit = SP – CP = 150 - 250 = -100

Negative sign shows it is a loss.

Percentage loss:

$\frac{loss \times 100}{cp}$

$\frac{100 \times 100}{250} = 40\%$