We can also write Profit or Loss in Percentage

20.jpg

 

So, we can write

21.jpg

 

  1. Chapter 8 Class 7 Comparing Quantities
  2. Concept wise
Ask Download

Transcript

Profit & Loss Percentage We can also write Profit or Loss (Link) in Percentage Profit Percentage Cost price = Rs 20 Selling Price = Rs 25 Profit = SP βˆ’ CP = 25 βˆ’ 20 = 5 Profit Percentage = π‘ƒπ‘Ÿπ‘œπ‘“π‘–π‘‘/(πΆπ‘œπ‘ π‘‘ π‘ƒπ‘Ÿπ‘–π‘π‘’) Γ— 100% = 5/20 Γ— 100% = 25% Loss Percentage Cost price = Rs 20 Selling Price = Rs 18 Loss = CP βˆ’ SP = 20 βˆ’ 18 = 2 Loss Percentage = πΏπ‘œπ‘ π‘ /(πΆπ‘œπ‘ π‘‘ π‘ƒπ‘Ÿπ‘–π‘π‘’) Γ— 100% = 2/20 Γ— 100% = 10% So, we can write Profit = SP βˆ’ CP Profit % = π‘ƒπ‘Ÿπ‘œπ‘“π‘–π‘‘/𝐢𝑃 Γ— 100% Loss = CP βˆ’ SP Loss % = πΏπ‘œπ‘ π‘ /𝐢𝑃 Γ— 100%

About the Author

Davneet Singh's photo - Teacher, Computer Engineer, Marketer
Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 8 years. He provides courses for Maths and Science at Teachoo. You can check his NCERT Solutions from Class 6 to 12.