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Q4: A man purchase a TV Set Rs 4000 and sold it for Rs2500 , find the loss and loss %? |
| Answer» ST PRICE of TV =₹4000Selling price of TV =₹2500Concept=>The cost at which an articles is purchased is CALLED its cost price (CP)=>The cost at which an articles sold is called its selling price (SP).⋆If SP is greater than CP then it is profit or gain.⋆If CP is greater than SP then it is LOSS.Here,Cost price which is ₹4000 > selling price which is 2500.so,it's a loss.IMPORTANT FORMULAEGain = (S.P.) - (C.P.)Loss = (C.P.) - (S.P.)Loss =4000-2500=1500 | |