Loss and Loss Percent are used for calculating the loss that occurred in a business. The loss is the difference between the cost price and the selling price. Loss Percent is the percent of loss in terms of actual cost price. The loss will occur when the selling price is less than the cost price. We have given how to Calculate Loss and Loss Percent and the formula of loss. Know the process to find them and learn how to apply them in your real life. Also, check the solved examples for a better understanding.<\/p>\n
Do Read:<\/p>\n
The loss occurs when a cost price is more than the selling price of a product in a business. The loss is calculated by subtracting the selling price from a cost price. The formula to calculate loss and loss percentage are<\/p>\n
Example 1.<\/strong><\/p>\n A shirt was bought for $300 and sold for $250. Find the loss and loss percent.<\/p>\n Solution:<\/strong> Therefore, the loss is $50 and the loss% is 16.66%<\/p>\n Example 2.<\/strong><\/p>\n If the cost price of 30 pens is equal to the selling price of 35 pens, find a loss percent?<\/p>\n Solution:<\/strong> Therefore, the loss is $5 and the loss% is 14.28%<\/p>\n Example 3.<\/strong><\/p>\n Find the loss and loss percentage provided that the cost price is Rs. 60 and the selling price is Rs. 55.<\/p>\n Solution:<\/strong> Therefore, the loss is Rs. 5 and the loss% is 8.33%<\/p>\n Example 4.<\/strong><\/p>\n If a house was bought by a man for Rupees 60 Lakhs and he sold it in 40 Lakhs. What is a loss percentage from this business?<\/p>\n Solution:<\/strong> Therefore, the loss is Rs. 20 Lakhs and the loss% is 33.33%<\/p>\n 1. How do you calculate percentage loss?<\/strong><\/p>\n Follow the below steps to find the percentage loss. 2. What are the Loss and Loss Percent Formulas?<\/strong><\/p>\n The formula for Loss and Loss Percent are 3. What is the formula for S.P when Loss and C.P. are given?<\/strong><\/p>\n The formula for Loss = C.P. \u2013 S.P. 4. How to find the C.P. when Loss and S.P. are given?<\/strong><\/p>\n The formula for Loss = C.P. \u2013 S.P. 5. How to find loss from loss percentage?<\/strong><\/p>\n The Loss percentage = (Loss \u00d7 100) \/ C.P Loss and Loss Percent are used for calculating the loss that occurred in a business. The loss is the difference between the cost price and the selling price. Loss Percent is the percent of loss in terms of actual cost price. The loss will occur when the selling price is less than the cost price. … Read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":80402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[5],"tags":[],"jetpack_featured_media_url":"https:\/\/bigideasmathanswers.com\/wp-content\/uploads\/2021\/03\/Calculate-Loss-and-Loss-Percent.png","_links":{"self":[{"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/posts\/80391"}],"collection":[{"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/comments?post=80391"}],"version-history":[{"count":2,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/posts\/80391\/revisions"}],"predecessor-version":[{"id":92919,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/posts\/80391\/revisions\/92919"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/media\/80402"}],"wp:attachment":[{"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/media?parent=80391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/categories?post=80391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/tags?post=80391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nGiven that a shirt was bought for $300 and sold for $250.
\nThe cost price = $300
\nAlso, the selling price = $250
\nSince, S. P. < C. P., there is loss.
\nTherefore, loss = cost price – selling price
\nSubstitute the cost price and selling price in the above formula.
\nLoss = $300 – $250 = $50.
\nSo, loss% = loss\/cost price \u00d7 100%
\nSubstitute the cost price and loss in the above formula.
\nloss% = $50\/$300 \u00d7 100% = 16.66%<\/p>\n
\nGiven that the cost price of 30 pens is equal to the selling price of 35 pens.
\nLet cost price of 1 pen = $1
\nThen cost price of 30 pens = $30
\nAlso, cost price of 35 pens = $35
\nSince, selling price of 35 pens = cost price of 30 pens
\nTherefore, the selling price of 25 pens = $30
\nTherefore, loss = cost price – selling price
\nLoss = $35 – $30 = $5.
\nTherefore, loss% = loss\/cost price \u00d7 100
\nloss% = $5\/$35 \u00d7 100
\nloss% = 14.28%<\/p>\n
\nGiven that the cost price is Rs. 60 and the selling price is Rs. 55.
\nThe cost price = Rs. 60
\nAlso, the selling price = Rs. 55
\nSince, S. P. < C. P., there is loss.
\nTherefore, loss = cost price – selling price
\nSubstitute the cost price and selling price in the above formula.
\nLoss = Rs. 60 – Rs. 55 = Rs. 5.
\nSo, loss% = loss\/cost price \u00d7 100%
\nSubstitute the cost price and loss in the above formula.
\nloss% = Rs. 5\/Rs. 60 \u00d7 100% = 8.33%<\/p>\n
\nGiven that a house was bought by a man for Rupees 60 Lakhs and he sold it in 40 Lakhs.
\nThe cost price = Rs. 60 Lakhs
\nAlso, the selling price = Rs. 40 Lakhs
\nSince, S. P. < C. P., there is loss.
\nTherefore, loss = cost price – selling price
\nSubstitute the cost price and selling price in the above formula.
\nLoss = Rs. 60 Lakhs – Rs. 40 Lakhs = Rs. 20 Lakhs.
\nSo, loss% = loss\/cost price \u00d7 100%
\nSubstitute the cost price and loss in the above formula.
\nloss% = Rs. 20 Lakhs\/Rs. 60 Lakhs \u00d7 100% = 33.33%<\/p>\nFAQs on Loss and Loss Percent<\/h3>\n
\n1. Note down the cost price.
\n2. Then, check out the Selling Price, and calculate the loss.
\n3. Substitute the Loss and cost price in the Loss percentage formula.
\n4. Finally, find the Loss percentage.
\nLoss percentage = (Loss \u00d7 100) \/ C.P<\/p>\n
\nLoss = C.P. \u2013 S.P. (C.P.>S.P.)
\nLoss percentage = (Loss \u00d7 100) \/ C.P where C.P. is cost price and S.P. is selling price.<\/p>\n
\nTherefore, S.P. = C.P. \u2013 Loss<\/p>\n
\nTherefore, C.P. = Loss + S.P.<\/p>\n
\nFirstly, multiply C.P with Loss percentage and then divide it by 100 to get a Loss from the loss percentage.
\nLoss = (Loss percentage \u00d7 C.P)\/100<\/p>\n","protected":false},"excerpt":{"rendered":"