a table was sold for ₹205 at a loss of 18%. if the selling price is ₹270 then what would be the gain or loss percent ? Option- A)8%loss B)4%gain C)8%gain D)nor loss no gain
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Hello Frnd
To find out the loss and Gain %, we need to find out the cost price ..
Since it's not given, let's take it as = x
As we know
Sales = Cost + Profit >>> cost - loss
205 = X - X×18/100
205 = 82X
X = 250
Hence the Cost price is ₹ 250
● Now
Profit = 270 - 250 = 20
Let the profit % be Y
20 = 250 × Y/100
200/25 = Y
Y = 8%
Hence the profit % will be 8% ☺
hope it helps
jerri
To find out the loss and Gain %, we need to find out the cost price ..
Since it's not given, let's take it as = x
As we know
Sales = Cost + Profit >>> cost - loss
205 = X - X×18/100
205 = 82X
X = 250
Hence the Cost price is ₹ 250
● Now
Profit = 270 - 250 = 20
Let the profit % be Y
20 = 250 × Y/100
200/25 = Y
Y = 8%
Hence the profit % will be 8% ☺
hope it helps
jerri
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