Question

By selling a horse for rs 455, a man loses 9%. If he sells it for rs 555, what would be his gain or loss per cent?

Answer 1

Answer:

11%

Step-by-step explanation:

sp of horse= rs 455

loss=9%

then cp=100x sp /100-loss%

=100x455/100-9

=100x455/91

=rs 500

new sp of horse= rs 555

cp of horse=rs 500

here sp>cp then here is profit

profit=sp -cp

=rs 555-500

=rs 55

profit%= profit/cp x 100

=55/500x100

=11% ans

hope it helps you

Answer 2

Answer:

He will have a profit of 11%

Step-by-step explanation:

1% here refers to 5 rs

So, the total cost price was 500 rs

If, he sold it for 555 rs he gets a profit of 11% as 55/5 = 11%