Loss is defined as the difference between the cost price and the selling price. Through the loss we can calculate loss percentage. If they give loss percentage we also find the cost price and the selling price. Let us see the formula and examples for loss and loss percent in this article.
Formula for Loss Percentage
Variation between the cost price and the selling price is called as loss, If the cost price is greater than the selling price means we obtain loss.
Loss = cost price- selling price
Selling price is indicated by S.P and cost price is indicated by C.P.
Based on the cost price we determine the loss.
Formula for loss Percent: Loss Percentage formula = (lossxx 100)/(C.P)
Sometimes they give loss percentage and ask cost price or selling price.
Example on Loss Percent
Example 1: Ragu buys pineapple at 5 for 50Rs ech and sold them at 3 for 25 each. Find his loss and loss percent?
Solution: Given
Number of pineapple bought = lest common divisor of 5,3 =15
Investment or cost price = (50 / 5 ) *15 =150
Selling price = (25 /3) *15 = 125, here cost price is greater then selling price,we can say it is loss.
Loss amount =cost price – selling price
Loss =150 – 125
Loss amount =25
Loss percentage formula = (lossxx 100)/(C.P)
Loss percentage = (25 xx 100)/(150)
Loss percentage = 16.6%
Loss and loss percentage of Ragu were 25 Rs and 16.6%
Example 2: Cost price =50 Rs, Selling price =45 Rs then find the loss and loss percentage?
Solution: Given
Cost price =50
Selling price =45
Loss = cost price - selling price
Loss =50- 45
Loss =5 Rs.
Loss percentage formula = (lossxx 100)/(C.P)
Loss percentage = (5xx 100)/(50)
Loss percentage = 10%
Example 3: Deepen loss 80 cents on $80 .What is the loss percentage of Deepen?
Solution: Given
Loss 80 paisa on 80 rupees
Here Cost price = $80
Loss =80 cents
Loss percentage formula = (lossxx 100)/(C.P)
Loss percentage = (0.8 xx 100)/(80)
Loss percentage = 1 %
