When a torch was sold for 300 rupees there was 25% profit. What was its total cost? Had it been sold for 216 rupees, would there have been a profit or a loss? What percent?

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Solution

Selling price of the torch = Rs 300

Profit percent = 25

∴ Selling price = (100 + 25)% of the total cost

= 125% of the total cost

⇒ Total cost =

If the selling price of the torch is Rs 216, then there would be a loss as the selling price is less than the cost price.

Loss = Cost price − Selling price

= Rs 240 − Rs 216

= Rs 24

Loss percentage =

=

= 10

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