Question

a machine is sold for rs.5060 at a profit of 10% what would be the loss or gain % when it is sold at 4370

Answer 1

Answer:

Step-by-step explanation:

Answer 2

The loss per cent is 5%.

Given:

Selling price=Rs5060

Profit=10%

To find:

The loss or gain per cent on selling for Rs.4370

Solution:

Let the cost price of the given machine be X.

The profit earned on selling=10% of X

=10/100×X

=X/10

Now, the selling price can be obtained by adding the cost and profit.

Using the values, we get

5060=X+X/10

5060=(10X+X)/10

5060=11X/10

50600=11X

4600=X

The cost price of the machine=Rs.4600

Now, if the machine is sold for Rs.4370, there will be a loss.

The amount of loss=cost price-selling price

=4600-4370

=Rs.230

The percentage of loss=Amount of loss/cost price×100

=230/4600×100

=230/46

=5%

Therefore, the loss per cent is 5%.