Question

Find profit percent or loss percent as the case may be , for each of the following.

C.P. = $Rs1900$ S.P. = $Rs1862$

Answer 1

Step 1:- To find profit or loss

Here, C.P. = $Rs1900$

S.P. = $Rs1862$

⇒ $S.P.<C.P.$ ⇒ There is a loss

$$\begin{gathered} Loss=C.P.-S.P. \\ =1900-1862 \\ =38Rs \end{gathered}$$

Step 2 :- To find Loss percent

$$\begin{gathered} Loss\%=\frac{Loss}{C.P.}\times 100 \\ =\frac{38}{1900}\times 100 \\ =2\% \end{gathered}$$

Therefore, there is loss of $2\%$