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Find the Gain Or Loss Percent, If S.P. = Rs. 500 and Loss : = Rs. 100 - Mathematics

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Question

Find the gain or loss percent, if S.P. = Rs. 500 and loss : = Rs. 100

Sum

Solution

S.P. = Rs. 500 and loss : = Rs. 100

∴ C.P. = S.P. + loss

= Rs. 500 + Rs. 100 = Rs. 600

Loss % =`("Loss" xx 100)/"C.P" = (100 xx 100)/600 = 50/3 =  16 2/3%`

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Concept for Application to Profit and Loss (Single Transaction Only)
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Chapter 9: Profit, Loss and Discount - Exercise 9 (A)

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Selina Concise Mathematics [English] Class 7 ICSE
Chapter 9 Profit, Loss and Discount
Exercise 9 (A) | Q 1.5
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