Question

A man sells sugar to a tradesman at a profit of 20%, but the tradesman, becoming bankrupt, pays only 72 paise per rupee. How much percent does the man gain or lose by his sale

Answer 1

Answer:

13.6 % Loss

Step-by-step explanation:

Cost Price of Sugar = 100C

Profit of 20 % = (20/100)*100C = 20C

Selling Price = 120C

Received 72 paise per rupee = (72/100) 120C  =  86.4C

Loss = 100C - 86.4C  = 13.6 C

Loss % = (13.6C/100C) * 100 = 13.6 %

13.6 % Loss