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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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