What do we get if selling price is less than the cost price?

Loss
Loss: If the selling price (S.P.) of an article is less than the cost price (C.P) the difference between the cost price (C.P.) and selling price (S.P.) is called loss.

When a chair is sold at Rs 450 the owner loses 10\% at what price must that chair is be sold in order to gain?

∴ The selling price of the chair after 10\% profit is Rs. 550. ∴ The selling price of the chair after 10\% profit is Rs. 550.

Is SP of a chair is Rs 720 a man gains 20\% the CP of the chair?

Hence the cost price i.e. C.P of the chair is $ Rs. 600 $ . So, the correct answer is “ $ Rs. 600 $ ”.

How is SP calculated?

To calculate the SP, you first determine the deviation scores for each X and for each Y, then you calculate the products of each pair of deviation scores, and then (last) you sum the products.

What is the cost price of 10 articles = selling price?

The cost price of 10 articles is equal to the selling price of 9 articles. Find the profit percent. We know that the cost price of 10 article = selling price of 9 article 5. A retailer buys a radio for Rs 225. His overhead expenses are Rs 15. If he sells the radio for Rs 300, determine his profit percent.

How to calculate profit/loss from selling price of 10 m cloth?

Here, selling price of 10 m cloth is obtained as profit. Let cost of each metre be Rs. 100. Profit of 50 \% was made by the merchant. Type 2: Calculate profit/loss If cost price of X articles is equal to selling price of Y articles. (C.P. of X articles = S.P. of Y articles)

How to find the gain percent of selling price of pens?

Ramesh bought two boxes for Rs 1300. He sold one box at a profit of 20\% and the other box at a loss of 12\%. If the selling price of both boxes is the same, find the cost price of each box. ∴ Cost price of first box = Rs. 550 9. If the selling price of 10 pens is equal to cost price of 14 pens, find the gain percent.

How much profit did ravish make selling his motorcycle to Vineet?

12. Ravish sold his motorcycle to Vineet at a loss of 28\%. Vineet spent Rs 1680 on its repairs and sold the motor cycle to Rahul for Rs 35910, thereby making a profit of 12.5\%, find the cost price of the motor cycle for Ravish. 13. By selling a book for Rs 258, a bookseller gains 20\%.