write the loss to identify the unit
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In Maths, Loss percentage formula is the formula to calculate the percentage loss happened in any business. We also state it as percentage loss. Loss is defined as the difference between the cost price and the selling price. And the percentage loss is the per cent of loss in terms of actual cost price. In businesses, profit and loss are the common terms which are used. Profit is basically the amount gained by businessmen in a business. Before, getting ahead to know the formula for percentage loss, let us know first the formula of Loss.
Loss = Cost Price – Selling Price or
Loss = C.P. – S.P.
(C.P.>S.P.)
Where C.P. is the actual price of the product or commodity and S.P. is the sale price at which the product has been sold to the customer
Formula for Loss Percentage
If the cost price is more than the selling price of a product in a business, it is called a loss, whereas if the cost price is less than the selling price then profit is gained
- Loss = cost price- selling price
- Selling Price is denoted by S.P and cost Price is denoted by C.P
also read
- profit
- profit and loss formula
- profit loss percentage.
- mark up
Example:-
Q.1: Find the loss and loss percentage provided that the cost price is Rs. 50 and the selling price is Rs. 45
solution:-
Given: Cost Price, C.P = Rs. 50
Selling Price, S. P = Rs. 45.
We know that the formula to find loss is
Loss = cost price- selling price
Loss = cost price- selling priceLoss = 50 – 45 = 5
Loss = 50 – 45 = 5
Loss = 50 – 45 = 5Therefore, the loss is Rs. 5.
Loss = 50 – 45 = 5Therefore, the loss is Rs. 5.The formula to find loss percentage is
Loss percentage = (Loss × 100) / C.P
Loss % = (5 × 100) / 50
Loss % = (5 × 100) / 50Loss % = 500 / 50
Loss % = (5 × 100) / 50Loss % = 500 / 50Loss % = 10
Loss % = (5 × 100) / 50Loss % = 500 / 50Loss % = 10Therefore, the loss percentage is 10%.