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Profit and Loss
Anirudh buys a pen at the price of 10 rupees after 3 days he sold the pen to his friend sonu at 5 rupees. Did he incurred any loss or profit. If he made a profit what is the percentage of profit and if he made a loss what is the percentage of loss incurred in pen?
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3 Replies
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Anirudh bought a pen for 10 rupees and sold it to Sonu for 5 rupees.
Since 5 is less than 10, Anirudh made a loss.
He sold the pen for half of what he bought it for.
The percentage of loss is 100%.
Anirudh lost all the money he spent on buying the pen. -
Cost Price (CP) of Pen = Rs. 10 <div>Selling Price (SP) of Pen = Rs. 5</div><div>
</div><div>Since SP<CP, he incurs a loss.</div><div>Loss = CP – SP</div><div> = 10- 5</div><div> = 5 (in rupees)</div><div>
</div><div>Loss Percentage = Loss / CP × 100</div><div> = 5/10 × 100</div><div> = 50%</div> -
The selling price is 5 and cost price is 10.Therefore there was a loss of 5 rs
Loss percentage=(5/10)*100
=50%
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