Question

A marchant lost by 5% by a selling an article for RS 25.65.if he sells it for RS 31.05, find his gain%or loss% .

Answer 1

Answer:

15% would be the merchant's gain%

Step-by-step explanation:

Selling price of the article = Rs. 25.65

Loss% = 5

Therefore, cost price of the article = [{100/(100-loss%)}×selling price]

=> Rs. [{100/(100-5)}×25.65]

=> Rs. [{100/95}×25.65]

=> Rs. 27

Therefore, cost price of the article = Rs. 27

New selling price of the article = Rs. 31.05

Since, selling price > cost price

Therefore, gain = selling price - cost price

=> Rs. (31.05-27)

=> Rs. 4.05

Therefore, gain% ={(gain/cost price)×100}

=> {(4.05/27)×100}

=> 15%

Answer 2

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