Question

Find Profit or loss percent if

$S.P=Rs200andLoss=Rs40$

Answer 1

As it is give that $S.P=Rs200andLoss=Rs40$

We know that $Loss=C.P-S.P$

$$\begin{gathered} \Rightarrow 40=C.P-200 \\ \Rightarrow C.P=40+200 \\ \Rightarrow C.P=Rs240 \end{gathered}$$

Now,

$Losspercent=\frac{Loss}{C.P}\times 100=\frac{40}{240}\times 100=16.666\%$

Hence Loss percent is $16.66\%$