Question

A profit of 6% is made by selling a doll at Rs.74.20. What will be the profit or loss if it is sold at Rs.68?

Answer 1

Answer:

It is a loss of 2.82 %

Step-by-step explanation:

Let the C.P of the doll be x

A profit of 6% is made by selling a doll at Rs.74.20

x + 6x/100 = 74.20

x + 3x/50 = 74.20

53x/50 = 74.20

x = 74.2 x 50 / 53 = 70

The C.P of the doll is 70

If it is sold at 68 per doll

Then it is a loss

The formula of loss % is

(C.P - S.P )100/C.P =

(70 - 68)100/70 = 200/70 = 20/7 = 2.82

(2.82 is not the exact value of 200/70 it is just an approximation of 200/70)

It is a loss of 2.82 %