2. Basic Loss Calculation

 

2. Basic Loss Calculation

Type 1: Find loss when CP and SP are given.
Example 2: An item is bought for ₹300 and sold for ₹270. Find the loss and loss percentage.
Solution:

$$\text{Loss} = CP - SP = 300 - 270 = 30$$ $$\text{Loss\%} = \frac{\text{Loss}}{\text{CP}} \times 100 = \frac{30}{300} \times 100 = 10\%$$

Answer: Loss = ₹30, Loss Percentage = 10%$$10%10\%