Question

a sewing machine is sold for 5060 at a gain of 10%what would be the gain or loss per cent if it was sold for 4370?

Answer 1

Given

Sp=5060
Profit=10%

Cp=spx100/(100+profit)

Cp=5060x100/110

Cp=₹4600

Now if he sells it for ₹4370

Sp=4370
Cp=4600

Cp>sp=loss

Loss=4600-4370=230

Loss%=loss/cp x 100

=230/4600 x100

=23000/4600

=230/46
=5%

Loss%=5%

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