To calculate the Loss we need to know “What is Loss?” When we sold an item or a product less than it’s actual price, then Loss occurs which means the product is sold for a low price than the actual price. Now coming to the formula to calculate Loss we have Here we can see the new terms “Selling price” and “Actual Price” or “Cost Price.” Let us discuss what they refer to. Selling Price(SP)= Cost Price(CP) – Loss(L) Cost Price: It is also called Actual Price, which means the actual cost of a product or original cost of a product or an item that was bought from the merchant or retailer. To calculate Cost Price, we have a formula i.e, Solved Examples on Loss1. Find the Loss if a) SP= 80 and CP= 100 b) SP= 120 and CP= 150 c) SP= 200 and CP= 300 Solution: a) SP= 80 and CP= 100 We know the formula to calculate the Loss as below Loss(L)= Cost price (CP) – Selling price(SP). Substituting the input data in the formula and doing basic math we get = 100- 80 = 20 Loss= 20. b) SP= 120 and CP= 150 Formula to calculate the Loss is as under Loss(L)= Cost price (CP) – Selling price(SP). Apply the input data you have in the formula and perform basic math = 150-120 = 30 Loss= 30. c) SP= 200 and CP= 300 Formula to calculate the Loss is as below Loss(L)= Cost price (CP) – Selling price(SP). Substitute the input information we have to find out the Loss = 300- 200 = 100 Loss= 100. 2. A shopkeeper bought 5 dozens bananas for Rs 300 and sold them at Rs 250. How much he loses? Solution: The cost price of bananas= Rs 300 The selling price of bananas= Rs 250 Formula for Loss(L)= Cost Price (CP) – Selling Price(SP). = Rs 300- Rs 250 = Rs 50. Loss= Rs 50. How to Calculate the Loss Percent?Loss percent is the percent which is expressed as the percentage of the cost price. The formula of Loss Percent is 1. Find Loss % if a) SP= 80 and CP= 100 b) SP= 120 and CP= 150 c) SP= 200 and CP= 300 Solution: a) SP= 80 and CP= 100 Formula to calculate the Loss(L)= Cost price (CP) – Selling price(SP). = 100- 80 = 20 Loss= 20. After finding the Loss we can determine the Loss % easily Loss %= (Loss/ Cost Price)×100. = (20/100) × 100 = 20% b) SP= 120 and CP= 150 Formula to calculate the Loss(L)= Cost price (CP) – Selling price(SP). = 150-120 = 30 Loss= 30. Substitute the Loss value in th Loss % formula we have the equation as such Loss%= (Loss/ Cost price)×100. = (30/150)×100 = (1/5)×100 = 20% c) SP= 100 and CP= 200 Apply the given input data in the formula for Loss(L)= Cost price (CP) – Selling price(SP). = 200- 100 = 100 Loss = 100. Substitute the Loss in the Loss % we have the equation as such Loss %= (Loss/ Cost Price)×100. = (100/200)×100 = (1/2)×100 = 50. 2. A man purchased a scooter for Rs 50,000 and after two years he sold it for Rs 30,000. Find Loss and Loss percent. Solution: The cost price of a scooter = Rs 50,000 The selling price of a scooter= Rs 30,000 Loss(L)= Cost price (CP) – Selling Price(SP). Substitute the input values in the formula of Loss we have = Rs 50,000 – Rs 30,000 = Rs 20,000. Apply the Loss in the Loss Formula we have Loss %= (Loss/ Cost price)×100. = (20,000/50,000)×100 = (2/5)×100 = 2×20 = 40%. Given the Selling Price(SP) and percentage profit or loss of a product. The task is to Calculate the cost price(CP) of the product.
Output: Cost Price = 850 Cost Price = 1000 Cost Price = 38925 |