Question

13% is lost by selling goods for Rs 1,475, what would be the loss or gain if the
goods are sold for Rs 1,615? pls help me i will give you point​

Answer 1

Answer:

Step-by-step explanation:

let cost prive be 100

then 1475 is 87% of cost so

1475/87*100= 1695.40(approx actual cost price)

then on selling

1615/1695.5*100=95.25 (approx recovered expense)

100-95.25= 4.75 is loss %

Answer 2

Step-by-step explanation:

If the loss is 13%

the cost price is C the loss is given by -(S-C)/C where S is the selling price. The leading minus means loss instead of gain. (C-S)/C=1-1475/C=0.13, 0.87=1475/C so C=1475/0.87=Rs1695.40.

Now. S=1615, loss/gain=(S-C)/C=(1615-1695.40)/1695.40=-0.0474=loss of 4.74%.