A leather box was bought for 200 naira and sold for 250 naira the profit percentage is
To calculate the profit percentage, we can use the formula:
Profit percentage = (Profit / Cost price) x 100
Given that the cost price (CP) is 200 naira and the selling price (SP) is 250 naira, we can find the profit by subtracting the cost price from the selling price:
Profit = SP - CP
= 250 - 200
= 50 naira
Now, we can substitute the values into the formula:
Profit percentage = (50 / 200) x 100
= (1/4) x 100
= 25%
Therefore, the profit percentage is 25%.
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A book which costs 300 naira was sold for 240 naira what was the loss percentage
To calculate the loss percentage, we can use the formula:
Loss percentage = (Loss / Cost price) x 100
Given that the cost price (CP) is 300 naira and the selling price (SP) is 240 naira, we can find the loss by subtracting the selling price from the cost price:
Loss = CP - SP
= 300 - 240
= 60 naira
Now, we can substitute the values into the formula:
Loss percentage = (60 / 300) x 100
= (1/5) x 100
= 20%
Therefore, the loss percentage is 20%.