Question

Arun bought an iron box for 1960 and sold it to Varun and made a profit of 5%. If Bhavan bought it from Varun for 1957.60, then find the loss percentage in the deal.

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Answer 1

Answer:

Given ,

Arun sold it to Varun making a profit of 5%

==> (5/100)*1960 was the profit recieved by Arun

==> 98 Rs.

So Arun sold it to Varun to a total price of 1960+98 = 2058 Rs.

Now bhavan bought it from Varun for 1957.60

then loss% ==>( (2058-1957.60)/2058)*100 ==> 4.87% loss has occured to Varun.