Question

A mobile phone is sold for Rs 5060 at a gain of 10%. What would have been the gain or loss per cent if it had been sold for Rs 4370​

Answer 1

5060*100/110=4600

4600-4370=230

100*230/4600*1

5 % loss ans

Answer 2

There is a loss of 5%.

Step-by-step explanation:

Given : A mobile phone is sold for Rs 5060 at a gain of 10%.

To find : What would have been the gain or loss per cent if it had been sold for Rs 4370 ?

Solution :

The selling price is SP=Rs.5060

The gain percent is G%=10%

The cost price is given by,

$CP=\frac{100}{100+G\%}\times SP$

$CP=\frac{100}{100+10}\times 5060$

$CP=\frac{100}{110}\times 5060$

$CP=Rs.\ 4600$

The cost price is Rs.4600.

The selling price is Rs.4370.

AS CP>SP there is a loss.

Loss = Cost price - Selling price

Loss = 4600- 4370

Loss =Rs. 230

Loss percentage is given by,

$L\%=\frac{L}{CP}\times 100$

$L\%=\frac{230}{4600}\times 100$

$L\%=5\%$

Therefore, there is a loss of 5%.

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