Question

A radio is sold for 3120 at a loss of 4% . What will be the gain or loss percentage if it is sold for 3445

Answer 1

SP=Rs 3120
Loss%=4%
∴CP=100/(100-4)×3120
       =100/96×3120
       =Rs 3250
Again,
CP=Rs 3250
SP=Rs 3445
Gain=3445-3250
        =195
∵Gain %=195/3250×100
              =6%