a television is sold for rupees 5060 a profit of 10% If the television is sold for rupees 4370 then what will be the last percentage
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Given : A mobile phone is sold for Rs 5060 at a gain of 10%.
To find : What would have been the gain or loss per cent if it had been sold for Rs 4370 ?
The selling price is SP=Rs.5060
The gain percent is G%=10%
The cost price is given by,
The cost price is Rs.4600.
The selling price is Rs.4370.
AS CP>SP there is a loss.
Loss = Cost price - Selling price
Loss = 4600- 4370
Loss =Rs. 230
Loss percentage is given by,
Therefore, there is a loss of 5%.
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