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Question 43
The selling price of an item inclusive of a 16% profit was ₹ 435. What would be the percentage loss if the item was sold for ₹ 330?
Solution
Given, Profit percentage = 16%
Selling Price = Rs.435
The, Cost Price = $$435 \times \dfrac{100}{116} = Rs.375$$
New Selling Price = Rs.330
Then, Loss percentage = $$\dfrac{375-330}{375} \times 100 = \dfrac{45}{375} \times 100 = 12$$%
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