By selling a bicycle for $135, a shopkeeper loses 10%. How much percent would he gain or lose by selling it for $165?
Answers
Answer:
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your answer is here !
Step-by-step explanation:
Given selling price = $135
Loss % = 10%
We know, cost price = selling price × 100/100 - loss%
= 135 × 100/100 - 10
= 135 × 100/90
= 13500/90
= 150
Therefore, cost price of the bicycle = $150
Now, if the selling price = $165, then gain = $165 - $150 = $15
Therefore, gain% = gain/cost price × 100
= 15/150 × 100
= 1500/150
= 10%
Therefore, he would have gained 10%.
follow me !
Given selling price = $135
Loss % = 10%
We know, cost price = selling price × 100/100 - loss%
= 135 × 100/100 - 10
= 135 × 100/90
= 13500/90
= 150
Therefore, cost price of the bicycle = $150
Now, if the selling price = $165, then gain = $165 - $150 = $15
Therefore, gain% = gain/cost price × 100
= 15/150 × 100
= 1500/150
= 10%
Therefore, he would have gained 10%.
hope it helps! ♥