Question

An item is sold for 1610 at a profit of 15%. What would havebeen the gain or loss percent had it been sold
for 1554?
1) 10%
2) 11%
3) 12%
lo
11​

Answer 1

Step-by-step explanation:

15%=3/20

Let cp=20

So

Sp=20+3=23

23=1610(given)

1=70

Cp=20×70=1400

Now sold at=1554

Profit=1554-1400=154

Profit %=154/1554×100=9.09%