Question

Akash buys an article and sells it to Ankit at a profit of 12% Ankit sells it back to Akash at the price w Akash previously paid for it. What is Ankit's percentage loss?



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Answer 1

Step-by-step explanation:

STEP BY STEP EXPLAINATION :

GIVEN:

=> AKASH SOLD AN ARTICLE AT 12% PROFIT

LET,

=> THE COST PRICE FOR AKASH IS :

=> 100X

HIS PROFIT:

=> 12% OF CP

=> 12% OF 100X

=> 12/100 * 100X

=> 12X

SELLING PRICE :

=> COST PRICE + PROFIT

=> 100X + 12X

=> 112X

=> ANKIT SOLD IT TO AKASH AT THE ORIGINAL COST PRICE OF THE ARTICLE

MEANS

=> ANKIT SOLD IT AT RS 100X

LOSS OF ANKIT :

=> SELLING PRICE OF AKASH - COST PRICE OF AKASH

=> 112X - 100X

=> 12X

LOSS PERCENT OF ANKIT:

=> LOSS* 100/ COST PRICE OF ANKIT

=> 12X* 100/112X

=> 1200X / 112 XLOSS OF ANKIT :

=> SELLING PRICE OF AKASH - COST

PRICE OF AKASH

=> 112X - 100X

=> 12X

LOSS PERCENT OF ANKIT:

=> LOSS* 100/ COST PRICE OF ANKIT

=> 12X * 100 / 112X

=> 1200X / 112 X

=> 10.71 %

HOPE IT WILL HELP U ....

THANKS AGAIN....