Question

2. A man buys a T.V for 6800. For how much should he sell it so as to (i) gain 10%, (ii) lose 5%
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Answer 1

Answer:

i) Gain 10%

10% of 6800 = 6800/10

= 680

So, to gain (profit) 10%, he has to sell it for

= ₹6800 + ₹680

= ₹7480

ii) Lose 5%

5% of 6800 = 6800/5

= 1360

So, to lose (loss) 5%, he has to sell it for

= ₹6800 - ₹1360

= ₹5440