Question

An article is sold for 990 at a profit of 10%. What would have been the actual
profit or loss on it, had it been sold for 890?​

Answer 1

Answer:

Step-by-step explanation:

Assuming 900 is the cost of radio on which 90 is profit. If it is sold for 890 then loss is 10.

(990/110*100=900 cost) (Selling Price 990 - Cost 900 = Profit 90)

(If selling price is 890 and cost is 900 then loss is 10)

Assuming 891 is cost on which 99 is profit. If it is sold for 890 then loss is 1.

(990/100*90=891 cost) (Selling Price 990 - Cost 891 = Profit 99)

(If selling price is 890 and cost is 891 then loss is 1)

The calculation depends on if the profit margin is calculated on selling price or cost

Answer 2

Answer:

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