Question

A profit of 5% is made by selling cloth at rs 63 per meter. What will be the lost or gain by selling it at rs 52.50 per meter ?

Answer 1

Find the buying price i.e

  100%=Buying price

100+5=105% i.e selling price
105%=63 rs what about 100% to get the buying price
100/105 *63 =60 i.e the Buying price
Profit/loss = Selling price -Buying price
So ;52.50-60= -7.5
When the answer is negative it mean it is a loss
Los of rs 7.5

Answer 2

The solution for your query is mentioned in the below attached pictures.... Please check them out...

Hope they help. :)