Question

a table was sold for $900 at a loss of 25%.if the same table was sold for$950.what would have been the profit or loss percent

Answer 1

Solutions :-


Given :

Selling price of table = $ 900
Loss = 25%


Find the cost price of table :-

C.P = (S.P × 100)/(100 - loss)
= $ (900 × 100)/(100 - 25)
= $ 90000/75
= $ 1200


Now, we have

Cost Price = $ 1200
Selling price = $ 950


Cost Price is greater than the Cost price. Therefore, Loss.


Loss = C.P - S.P
= $ (1200 - 950)
= $ 250


Loss % = (loss × 100)/C.P %
= (250 × 100)/1200 %
= 25000/1200 %
= 20.83 % approx.



Hence,
Loss percent = 20.83%