Question

7) A boy sold a bag for 1980 making a loss of 12%. What would be the profit percentage, if it was
sold for 2500?
a) 11 1/9 % loss
b) 12 1/2 % profit
c)11 1/9 % profie
d) 10 % profie​

Answer 1

Step-by-step explanation:

The correct answer 88.740

Answer 2

Answer:

$11\frac{1}{9}\%profit$

Step-by-step explanation:

In this question,

We have been given that

Boy sold the bag for 1980 and he makes a loss of 12%

we have to find the Profit% when it is sold for 2500.

Firstly we need to calculate the Cost Price

$\textrm{Formula of Cost Price = }\frac{100}{100-loss\%}\times Selling\ price$

                                   =$\frac{100}{100-12}\times 1980$

                                   =$\frac{100}{88}\times 1980$

                                   =$100\times 22.5$

                                   =2250

Now we have to calculate Profit%

Profit%$=\frac{profit}{Cost\ price}\times 100$

Therefore Profit=Selling price-Cost price

                          =2500-2250

                          =250

Profit%$=\frac{250}{2250}\times 100$

Profit%$=11\frac{1}{9}\%$

Therefore the profit boy will earn after selling in 2500 is 11.11%