find the profit or loss percent in each.
a. a skirt bought for rupees 250 and sold it at Rs 210
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find the profit or loss percent in each.
a. a skirt bought for rupees 250 and sold it at Rs 210
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given =cp=₹250
sp=₹210
To find= the profit or loss percentage,
To calculate the loss, we subtract the selling price from the cost price:
Loss = Cost Price - Selling Price
Loss = Rs 250 - Rs 210
Loss = Rs 40
Now, to find the loss percentage, we use the formula:
Loss Percentage = (Loss / Cost Price) × 100
Plugging in the values:
Loss Percentage = (40 / 250) × 100
Loss Percentage = 16%
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Given =cp=₹250
sp=₹210
To find= the profit or loss percentage,
To calculate the loss, we subtract the selling price from the cost price:
Loss = Cost Price - Selling Price
Loss = Rs 250 - Rs 210
Loss = Rs 4
Now, to find the loss percentage, we use the formula:
Loss Percentage = (Loss / Cost Price) × 100
Plugging in the values:
Loss Percentage = (40 / 250) × 100
Loss Percentage = 16%
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