Question

a farmer lost 5% by selling a piece of land for ₹2,33,700 . what would he have gained or lost had he sold it for ₹6,64,450 ? find the gain or loss percent.​

Answer 1

Step-by-step explanation:

L%=5%

SP=233700

CP=?

CP=100/(100-L%) ×SP

=100/(100-5) × 233700

=100/95 ×233700

=20/19×233700

=20×12300

=246000

now,

new SP=664450

CP=246000

SP>CP

THEREFORE ITS GAIN

G=SP-CP

664450-246000

=418450

G%=G/cp×100

418450/246000 ×100

418450/2460

41845/246

=170.10%