The cost of one chair is 1050. its selling price is 900 rupees. What is the profit or loss percentage
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The cost of one chair is 1050. its selling price is 900 rupees. What is the profit or loss percentage
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Answer:
the loss percentage is 14.29%
Step-by-step explanation:
since selling price is less than the cost price, it is loss=1050-900=150 the loss is 150 rupees.
now loss percentage=loss/cp*100%
=150/1050*100% both 150 and 1050 are divisible by 150=1/7*100%
=100%/7=14.29%
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