Question

a machine sold for 5060dollers at a profit of10% what would have been gain or loss percent it had been 4370dollers​

Answer 1

Answer:

Solution:

S.P. = Rs 5060, gain = 10%

∴C.P. =(5060×100)/(100+10)=Rs 4600.

2nd S.P. = Rs 4370

Since, S.P. < C.P., so there is loss.

∴Loss % = ((4600-4370)×100)/4600 = 5%

If a man buys x items for Rs y and sells z items for Rs w, then the gain or loss percent made by him is (xw/zy-1)×100%