Question

a person gains 8% by selling a tape recorder for 972 if he would have sold it for rupees 870 to his loss would have been (in rupees)?​

Answer 1

Step-by-step explanation:

sp = 972, g% = 8

sp = cp(1+g%)

972 = cp(1+8%)= cp(1+.08) = 1.08cp

cp = 972/1.08 = 900

sp = 870

loss% = cp-sp/cp ×100

=900-870/900 ×100 = 30/9 = 3.33%