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Tell what is the profit or loss in the following transaction. Also find profit per cent or loss per cent in each case. A skirt bought for Rs 250 and sold at Rs 150.

Q.1.    Tell what is the profit or loss in the following transaction. Also find profit per cent or loss per cent in each case.

           (d) A skirt bought for Rs 250 and sold at Rs 150.

          
 

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M manish

We have,
SP = Rs 150
CP = Rs 250

Since CP > SP 
Therefore, Loss = CP-SP = Rs 100

and, Loss%
\Rightarrow \frac{100}{250}\times 100= 40\%

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