A TV is purchased for Rs.3000 and sold for Rs.2500. Find the profit or loss percentage.
Profit 15.25%
Loss 16.67%
Loss 15.25%
Profit 16.67%
Explanation:
From the question, you know that CP = Rs.3000, SP = Rs.2500
Here SP is lesser than CP. So there is loss.
According to formula, Loss = CP – SP
= 3000 – 2500 = Rs. 500
Loss % = Loss/CP x 100
= 500/3000 x 100
= 16.67%
From the question, you know that CP = Rs.3000, SP = Rs.2500
Here SP is lesser than CP. So there is loss.
According to formula, Loss = CP – SP
= 3000 – 2500 = Rs. 500
Loss % = Loss/CP x 100
= 500/3000 x 100
= 16.67%