An article is sold for Rs 2400 at a profit of 25 %. What would have been the actual profit or loss if it had been sold at Rs 1800?
Answers
Answer:
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Step-by-step explanation:
=> Firstly let us find the cost price of the same.
=> C.P. = 2400 × 100/125 = 1920.
=> New selling price = Rs. 1800
⇒ Loss = 1920 – 1800 = 120
=> ∴ = 100 × 120/1920
=> 100 × 120/1920
=> 100 × 12 / 192
=> 6.25 %
=> Loss percentage 6.25 %
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Loss = 6.25 % if Article sold at Rs 1800 which gives 25% Profit on seling at Rs 2400
Step-by-step explanation:
Let say Cost Price of Article = Rs X
25 % Profit = (25/100)X = 0.25X
Selling Price = Cost Price + Profit
=> Selling Price = X + 0.25X
=> Selling Price = 1.25X
1.25X = 2400
=>X = 1920
Cost Price = Rs 1920
if Sold at Rs 1800
1800 < 1920
Loss = 1920 - 1800 = 120 Rs
Loss % = (120/1920) * 100
=> Loss % = 6.25%
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