2-Ramesh bought 10 cycles for ₹500 each. He spent = ₹2000 on the repair of all the cycles. He sold five of them for ₹750 each and the remaining for ₹550 each. What is total gain or loss%?
3-By selling an article for ₹960 a man incurrs a loss of 4%. What was the cost price of the article?
Answers
Answer:
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Step-by-step explanation:
q 2 . cost of 10 cycles = 10 x 500 = 5000
cost of repair charge for all cycles = 2000
total expenses = 5000 + 2000 = 7000
he sold 5 cycles for the cost price 750rs. each = 5 x 750 = 3750
he sold remaining 5 cycle for the cost price 550rs each = 5 x 550 = 2750
total spent - total earned ; 7000 - 6500 = 500
it is a loss 500rs.
loss 500 / 7000 x 100 = 50/7 = 7 1/7 %.
q 3. Selling Price of an article = Rs. 960.
Loss = 4%.
let the cost price is x
= x of ( 100 - 4 )% = 960
= X x 96 / 100 = 960
= X = 960 x 100 / 96
= X = 10 x 100
= X = 1000
total cost price of the article = 1000rs