Question

Using the figures given below, frame problems based on profit percent or loss percent
​Cost price Rs 2000, selling price Rs 1900

Answer 1

Problem : Avinash bought a mobile phone for Rs 2000 and sold the same for Rs 1900. Find his loss percent.

Solution : Cost price of mobile phone = Rs 2000
Selling price of mobile phone = Rs 1900
Since selling price is less than cost price, so there is a loss.
Loss = Cost Price − Selling price
= 2000 − 1900
= Rs 100
Let x% be the loss suffered by Avinash. Then,
$\frac{x}{100}=\frac{\mathrm{loss}}{\cos {\displaystyle \mathrm{t}}{\displaystyle }{\displaystyle \mathrm{price}}}=\frac{100}{2000}$
⇒$\frac{x}{100}\times 100=\frac{100}{2000}\times 100$
⇒x = 5
∴ Avinash suffered a loss of 5% in this transaction.