Question 51

An article is sold for ₹ 2070 at a 15% profit. If the article is sold for ₹ 1890, then what will be the gain/loss percent?

Solution

selling price = 2070

let's assume cost price = 100

Profit of 1st article = $$\frac{15}{100}\times100$$

= 15

S.p = cost price + profit

= 100 + 15 = 115

115 = 2070(given)

=18

c.p = $$100\times 18$$
= 1800

If article is sold at 1890

= $$\frac{1890-1800}{1800}\times 100$$

Gain = 5 %

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