Question

51. A shopkeeper sold an item worth Rs 400 at a loss of 5%. If it had been sold for Rs 60 more, then
what would have been the gain/loss percent?​

Answer 1

Answer:

Gain% = 10%

Step-by-step explanation:

C.P. = Rs. 400

Loss = 5%

Amount of Loss = 5/100 × 400 = Rs. 20

Original S.P. = Rs. 400 - 20 = Rs. 380

Now, New S.P. = Rs. 380 + 60 = Rs. 440

C.P. = Rs. 400

Gain = Rs. 40

Gain% = 40/400 × 100 = 10%