Question

Find the gain or loss percent in the following case$:$

$C.P.$ $₹2$ and loss $50p$

Answer 1

Step $1:$ To find the loss or gain percent.

It is given that loss $=$$50p$

and $C.P.$ $=$ $₹2$

$₹1=100p$

$₹2=200p$

Step $2:$ Now find the loss percent.

Loss percent $=\frac{S.P.-C.P}{C.P}\times 100$

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

$=\frac{50}{200}\times 100$ $,$ cancel $100$ by $100$

$=\frac{50}{2}$

$=25\%$

Hence, the loss percent is $25\%$