Hemant Malhotra and R K Tyagi Solutions for Chapter: Profit and Loss, Exercise 2: Exercise-2

The cost price of a mobile phone is $\mathrm{₹}2000$. It is sold for $\mathrm{₹}1940$. Loss percent is_____.

The cost price of a TV set is $\mathrm{₹} 26000$. A shopkeeper earned a profit of $20\%$ on it. Selling price of the TV set is $₹$ _____.

A shopkeeper sold a washing machine for $\mathrm{₹}12500$ and makes a loss of $15\%$. Cost price of the washing machine is_____. (Input the answer using rupees symbol).

Cost price of an item is always greater than its selling price. 

Profit percent $=\frac{\mathrm{profit}}{\mathrm{S}.\mathrm{P}.}\times 100\mathrm{\%}$

$($S.P. means selling price and C.P. means cost price$)$

Profit percent $=\frac{\mathrm{profit}}{\mathrm{C}.\mathrm{P}.}\times 100\mathrm{\%}$  (C.P. means cost price)

Loss percent $=\frac{\mathrm{loss}}{\mathrm{C}.\mathrm{P}.}\times 100\mathrm{\%}$ 

(C.P. means cost price)

Loss percent $=\frac{\mathrm{C}.\mathrm{P}.}{\mathrm{loss}}\times 100\mathrm{\%}$ .

(C.P. means Cost price)