A merchant lost 5% by selling an article for Rs 2565. If he sells it for Rs 3105, find his gain or loss percent.
Answers
Answered by
1
Answer:
15% profit
Step-by-step explanation:
First Cost price=Selling price(100/100-R)
=2565(100/100-5)
=2565(100/95)
=256500/95
=Rs.2700
If he sells it with Rs.3105 which is more than the cost price he has a profit of
=3105-2700
=$405 Profit
%Profit=Profit/Cost price*100%
=405/2700*100%
=40500/2700%
=15% profit
Similar questions