By selling a tape - recorder for ₹ 1040 a man gains 4% . If he sells if for ₹ 950 , his loss will be
Let cost price = Rs. $$100x$$
Selling price = Rs. 1040
=> Profit % = $$\frac{1040-100x}{100x} \times 100=4$$
=> $$1040-100x=4x$$
=> $$4x+100x=104x=1040$$
=> $$x=\frac{1040}{104}=10$$
Thus, cost price = $$100 \times 10=Rs.$$ $$1000$$
If selling price = Rs. 950
=> Loss % = $$\frac{1000-950}{1000} \times 100$$
= $$\frac{50}{10}=5\%$$
=> Ans - (A)
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