by selling a mobile phone for rs 6800, the shopkeeper looses 15 percent. find his gain or loss percent, if she sells it for rs 7200
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Answer:
Sp of phone=6800/-
Loss Percentage=15%
Cost Price=[100/(100-Loss%)×Sp]
Cp=100/100-15×6800
100/80×6800
100×85
Cp=8500/-
Sp of Phone=7200/-
Loss=8500-7200=1300/-
Loss%=Loss/CP×100
1300/8500×100
1300/85
Loss%=15.29%
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