Question

Find the gain or loss percent:

$\left(v\right)$. S.P.$=Rs.500$ and Loss $=Rs.100$

Answer 1

Find the gain or loss percent

Given: $S.P.=Rs500$ and Loss $=Rs.100$
Thus, $C.P.=S.P.+$ Loss

=$Rs.500+Rs.100=Rs.600$ (1 Mark)

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

$=\frac{100}{600}\times 100$

$=\frac{50}{3}$

$=16\frac{2}{3}$ (1 Mark)

Hence, the loss percent is $16\frac{2}{3}\%$.