Question

A skirt bought for $₹250$ and sold for $₹150$. What is the profit or loss in the following transactions? Also, find profit percent or loss percent in each case.

Answer 1

Step 1: Identify whether there is a loss or profit

C.P. of the skirt $=₹250$

S.P. of the skirt$=₹150$

Loss on the skirt$=C.P-S.P$

$=250-150=₹100$

Step 2: Find loss percentage

Loss % $=\frac{Loss}{C.P}\times 100$

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

$=\frac{2}{5}\times 100=40\%$

Therefore, the amount of loss and loss $\%$ is $₹100$ and $40\%$ respectively.