Question

Find the profit or loss $\%$ where:-
(i) $CP=Rs400$ $SP=Rs300$

Answer 1

Here, SP<CP

So, We can see that we are dealing with loss

Therefore, loss $\%=\frac{loss}{CP}\ast 100=\frac{CP-SP}{CP}\ast 100=\frac{400-300}{400}\ast 100=25\%$