Question 98
I gain 19% if I sell an article for ₹ 595. What would be my gain or loss percentage if I sell it for ₹ 475?
Solution
I gain 19% if I sell an article for ₹ 595.
Cost price = $$\frac{Selling price}{Profit \%}$$
$$=\frac{595}{\frac{119}{100}} = ₹ 500$$
If it was sold for ₹475, Loss $$\%$$ will be
$$=\frac{475}{500}\times 100 = 5\%$$
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