Solve the following.
1. A chair was bought for 1500 and sole for 1100. Find the
loss percent.
2. shopkeeper bought a sofa se for 15500 an sold it for 12600. Find his loss percent.
3. Ethan sold a table for 3750 and earned a profit of 3750
Find the cost price and the profit percent.
4. A milkman bought two buffaloes for 2300 and 2500.
sold both for 5500. Find his profit percent.
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Answer:
Cost price of the cycle=Rs.1200
selling price of the cycles=Rs.1500
SP>CP=there is a gain
Gain=SP-CP=1500-1200=Rs.300
•gain %age=gain/cp(100)%
=300/1000(100)%=25%
•The shopkeeper made a profit of 25%