a Man gains 12*1/2% by selling a house for ₹4500. find his gain percent And loss percent if he sells the house for₹3800
Answers
Step-by-step explanation:
gain=25/2%
selling price=4500
cost price= 4500*100/(100+25/2)
=4500*100/(225/2)
=4000
new selling price=3800
loss=200
loss%= 200*100/4000=5%
➤ Given :-
Selling price of house :- ₹4500
Gain percentage :- 12½%
➤ To Find :-
The profit or loss percentage if sold at ₹3800.
★ How to do :-
Here, we are given with the selling price and the gain percentage obtained while selling that house. In the other statement, we are given that the house is again sold at ₹3800. We are asked to find the gain ir loss percentage obtained at the second statement. So, first we should find the cost price of that house by using the information in first statement. The particular formula is given when the question has been solved. Later, we should find the loss rupees by subtracting the cost price and the selling price. Later, we can find the loss percentage by using the given formula while solving.
➤ Solution :-
Cost price of the house :-
Substitute the given values.
Solve the bracket given in denominator.
Write the fraction a bit larger format, in which it's value doesn't changes.
Write the fraction in lowest form by cancellation method.
Now multiply both numbers as it cannot be cancelled.
Now, find the loss by using the formula given below.
Loss rupees :-
Substitute the given values.
Subtract to get the value of loss.
Now, find the loss percentage by using the formula given below.
Loss percentage :-
Substitute the given values.
Write the fraction in lowest form by cancellation method.
Now, multiply the numbers as they cannot be cancelled further.
Write the fraction in lowest form to get the answer.
The loss percentage of the house is 5%.
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