Question

a) By selling an article for Rs. 121, the dealer gains 10%. What is the percentage
of Profit or Loss if the article is sold for Rs. 104.50

Answer 1

Answer:

Sp= Rs 121

gain 10%

cp=121x100/110== Rs110

If sold for Rs.104.50

Loss=110-104.50 = Rs5.50

Loss%= 5.50X100/110=5%

Answer 2

Loss % = 5  if the article is sold for Rs. 104.50

Step-by-step explanation:

By selling an article for Rs. 121, the dealer gains 10%

Let say Cost Price = C

Gain = 10 %

Gain = (10/100)C  = 0.1C

Selling Price = C + 0.1C = 1.1C

1.1C = 121

=> C = 110

Cost Price = Rs 110

Sold for Rs 104.5

Loss = 110 -104.5  = 5.5

Loss % = (5.5/110) * 100

=> Loss % = 5

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