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Tell what is the profit or loss in the following transactions. Also find profit per cent or loss per cent in each case. A skirt bought for ₹ 250 and sold at ₹ 150.

Tell what is the profit or loss in the following transactions. Also find profit per cent or loss per cent in each case.
 A skirt bought for ₹ 250 and sold at ₹ 150.

Grade:12

1 Answers

Harshit Singh
askIITians Faculty 5963 Points
3 years ago
Dear Student

Since (SP) < (CP), so there is a loss
Loss = (CP)–(SP)
=₹(250 - 150)
= ₹100
Loss % = {(Loss/CP) × 100}
= {(100/250) × 100}
= {10000/250}
= 40%

Thanks

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