Question

Tell what is the profit or loss in the following transactions.Also find profit percent or loss percent in the case.
A skirt bought for Rs. $250$ and sold at Rs. $150$

Answer 1

Cost price $C.P.=RS.250$

Selling price $S.P.=Rs.150$

We need to find the loss and loss percent.

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

Loss $=C.P-S.P$

$=250-150$

Loss $=Rs.100$

Therefore loss percent $=\frac{100\times 100}{250}=40\%$