Question

A radio is sold for Rs 3120 at a loss of 4%. What will be the gain or loss per cent if it is sold for Rs 3445?​

Answer 1

Solution:-

Let the cost price be Rs 'x'.

On selling the radio at Rs. 3120, the loss is 4 %.

So, according to the question

x - (4/100)*x = 3120

24x/25 = 3120

x = (3120*25)/24

x = 78000/24

x = Rs. 3250

S, Cost Price of the radio is Rs. 3250.

Now, if it is sold at Rs. 3445, then the gain = 3445 - 3250

= Rs 195  

Gain percentage = (Profit/CP)*100

= (195/3250)*100

Gain = 6 %

Answer.

Answer 2

Step-by-step explanation:

Let the original price be .

SP = Rs 3120

Now, SP = CP − loss

So, the cost price is Rs 3250.

If it is sold for Rs 3445, then its a gain because SP > CP.

Now, gain = SP − CP

= Rs (3445 − 3250)

= Rs 195

Hence, gain percent = 6%