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Cost Price

Loss Percentage- Loss on ₹100 is known as loss percentage.

 It is always calculated on the cost price of the object.

Loss % = Amount of loss x 100

Cost Price

Example-1: Cost price of a fan is ₹800. Selling price is ₹832. Find the profit or loss %.

Solution: CP of the fan =₹800

SP of the fan= ₹832

Here ,SP > CP

Profit= SP – CP= ₹832 - ₹800

= ₹32

So ,profit%= Amount of profit x 100

Cost Price

= 32 x 100 = 4%

800

Hence, the profit % is 4%.