An article was sold at a profit of 14%. Hadit been sold for ₹121 less, a loss of 8% would have been incurred. If the same article would have been sold for ₹536.25, then the profit/loss per cent would have been:
Let the cost price be 100%
Selling price = 114%
Hadit been sold for ₹121 less, a loss of 8% would have been incurred so,
Selling price after loss = 92%
Difference in selling price = 121
114% - 92% = 121
22% = 121
Cost price(100%) = $$\frac{121}{22} \times 100 $$ = Rs 550
Loss when selling price is 536.25 = 550 - 536.25 = Rs 13.75
Loss percentage = $$\frac{13.75}{550} \times 100$$ = 2.5%
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