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An article is sold for Rs.3120 at a loss of 4%. What will be the gain or loss percent if it is sold for
Rs. 3445?
Answers
Question: An article is sold for Rs.3120 at a loss of 4%. What will be the gain or loss percent if it is sold for Rs. 3445?
To find: We have to find the gain or loss percent of the article if it is sold for Rs. 3445.
Answer: The gain percent after selling the article is 6%.
Explanation:
Let the cost price of article be x.
On selling the article for rupees 3120, the loss gained is 4%,
∴ x - (4/100) × x = 3120
24x/25 = 3120
x = (3120×25)/24
x = 78000/24
x = 3250
Therefore, The cost of the article is Rs. 3250.
According to question, The article have been sold for Rs. 3445.
∴ Gain = Cost of article - selling price of article
= 3445 - 3250
= 195
Profit gained from the article = 196 Rs.
Gain percentage = Profit / Cost price × 100
= 195/3250 × 100
= 6 %
Therefore, Gain percentage = 6%.
Step-by-step explanation:
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Question: An article is sold for Rs.3120 at a loss of 4%. What will be the gain or loss percent if it is sold for Rs. 3445?
To find: We have to find the gain or loss percent of the article if it is sold for Rs. 3445.
Answer: The gain percent after selling the article is 6%.
Explanation:
Let the cost price of article be x.
On selling the article for rupees 3120, the loss gained is 4%,
∴ x - (4/100) × x = 3120
24x/25 = 3120
x = (3120×25)/24
x = 78000/24
x = 3250
Therefore, The cost of the article is Rs. 3250.
According to question, The article have been sold for Rs. 3445.
∴ Gain = Cost of article - selling price of article
= 3445 - 3250
= 195
Profit gained from the article = 196 Rs.
Gain percentage = Profit / Cost price × 100
= 195/3250 × 100
= 6 %
Therefore, Gain percentage = 6%..