Question

A cycle is sold for rs 1035 at a profit of 15%.what will have been the gain or loss percent had it been sold for 1089

Answer 1

cp = ( 100/100+ profit percentage) * sp
cp = (100/100+15) *1035
cp =( 100/115)* 1035
cp = 900 RS
profit = sp-cp
profit = 1089-900
profit = 189
profit percentage = (
profit /cp )*100
profit % = (189/900)*100
profit % = 21

Answer 2

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