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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