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The cost price of an article is 30 percent less than its selling price. Find, the profit or loss as a percent.

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Question

The cost price of an article is 30 percent less than its selling price. Find, the profit or loss as a percent.

Sum
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Solution

Let S.P. of the article = Rs.100

30% of S.P. = Rs.`30/100xx100` = Rs.30

∴ C.P. of the article = 100 − 30 = Rs.70

Profit = S.P. − C.P.

= Rs.100 − Rs.70 = Rs.30

Profit % =`"Profit"/"C.P."xx100`

`=30/70xx100=300/7%=42 6/7%`

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Chapter 8: Profit, Loss and Discount - Exercise 8 (A) [Page 90]

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Selina Concise Mathematics [English] Class 8 ICSE
Chapter 8 Profit, Loss and Discount
Exercise 8 (A) | Q 12 | Page 90

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