Question

An article sold 2070 at 15% profit if the article is sold for 1890 then what will be the gain/loss percent​

Answer 1

Answer:

5%

Step-by-step explanation:

first we need to find the cost price of the article,

so the formula for taking out the cost price is:

CP=(100/100+Profit%)×Selling price

so now substitute the values

CP=(100/100+15)×2070

=1800

so now we know that the cost price is 1800

but the article is sold for the 1890

this means there is a profit of 90. (1890-1800=90)

now we have to find out the profit percent

so the formula for it is:

Profit%=Profit×100/Cost price

now substitute the values

profit %= 90×100/1800

=5%

so the profit is 5%.

HOPE I HELPED YOU