Question

an item when sold at Rs 23.00 made a profit of 15%. If the item is sold at Rs.21.00, what would be the percentage loss
Or gain
a)5%profitB) 10% Profit C)5
% Los D) None of these​

Answer 1

Step-by-step explanation:

5% profit is the correct correct correct option hope it helps you have a nice day by day care in

Answer 2

Given :

Selling price of item :- ₹23

Profit of item :- 15%

To find :

Loss or gain percent if the item is sold at ₹21

Solution :

We are given with the selling price and the profit percentage of it. So, first we should find the cost price.

Cost price :

${\sf \dashrightarrow \dfrac{100}{(100 + Profit \%)} \times SP}$

${\sf \dashrightarrow \dfrac{100}{(100 + 15)} \times 23}$

${\sf \dashrightarrow \dfrac{100}{115} \times 23}$

${\sf \dashrightarrow \dfrac{20}{23} \times 23}$

${\sf \dashrightarrow \cancel \dfrac{460}{23} = 20}$

Now, we can find the new profit percentage of the item.

New profit percentage :

${\sf \dashrightarrow \dfrac{Profit}{CP} \times 100}$

${\sf \dashrightarrow \dfrac{21 - 20}{20} \times 100}$

${\sf \dashrightarrow \dfrac{1}{20} \times 100}$

${\sf \dashrightarrow \cancel \dfrac{100}{20} = 5\%}$

Therefore, Option (a) 5% profit is correct answer.