Question

A television is sold for ₹5060 at a profit of 10% .If the television is sold for ₹ 4370, then what will be the loss percentage ?
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Answer 1

Answer:

S.P. = Rs 5060, gain = 10%

∴C.P. =(5060×100)/(100+10)=Rs 4600.

2nd S.P. = Rs 4370

Since, S.P. < C.P., so there is loss.

∴Loss % = ((4600-4370)×100)/4600 = 5%

Answer 2

Answer:

sp=Rs5060

profit=10%

cp=sp×100/100+profit

5060×100/100+10

5060×100/110=Rs 4600

sp=Rs4370

loss=cp-sp

4600-4370=Rs230

loss%=230×100/4600

230/46=10/2=5%