Question

A dvd player is sold for rs 3120 at a loss of 4 percent. what will be the gain or loss percent if it is sold for rs 3640

Answer 1

Find the cost price:

Loss = 4%

Selling Price = Cost Price - Loss

Selling Price = 100 - 4 = 96%

Find the cost price:

Selling Price = 96%

Selling Price = Rs 3120

96% = Rs 3120

1% = 3120 ÷ 96 = Rs 32.50

100% = 32.5 x 100 = Rs 3250

Find the profit:

Selling Price = Rs 3640

Cost Price = Rs 3250

Profit = Selling Price - Cost Price

Profit = 3640 - 3250 = Rs 390

Find the profit percentage:

Profit Percentage = Profit / cost price x 100

Profit Percentage = 390 / 3250 x 100 = 12%

Answer: The profit is 12%