Question

If CP = Rs 50 and SP = Rs 45, what is the profit or loss percent?

Answer 1

Cost Price = C.P = Rs 50
Selling Price = S.P = Rs 45
Loss = C.P – S.P
= Rs 50 – Rs 45
= Rs 5
Loss% = $\frac{\mathrm{Loss}}{\mathrm{C}.\mathrm{P}}\times 100$
$$\begin{gathered} =\frac{5}{50}\times 100 \\ =\frac{500}{50} \\ =10\% \end{gathered}$$