To Find the profit or loss percentage on selling wedding cards when C.P and S.P are known (WP-17: Profit and Loss)

Q. Farooq bought 100 wedding cards for Rs. 500. He sold them for Rs. 480. Find profit or loss percent.

Solution: 

Cost price C.P = Rs. 100

Sale price S.P = Rs. 480

As S.P is smaller than C.P, there is a loss and loss percent general formula is

Loss percent = `frac {Rs. 100 - Rs. 480}{Rs. 100}times 100`

Loss percent = `frac {Rs. 20}{Rs. 100}times 100`

Loss percent = 20% -----------Ans.

Similar Question:

Find the profit or loss percentage in the following 4 cases: 

1. CP = Rs. 50,  S.P = Rs. 70

2. CP = Rs. 1540,  S.P = Rs. 1386

3. CP = Rs. 125,  Profit = Rs. 20

4. CP = Rs. 12.5,  Loss = Rs. 2.5

A bag costing Rs. 50 is sold for Rs. 45. Find profit or loss percent.

Hassan sold a fan for Rs. 2500 and had a loss of Rs. 500. Find C.P and loss percent.

Nawaz father bought two plots for Rs. 125000. He sold them for Rs. 150,000. Find profit percent.

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