Question

by selling an almari for rupees 10416 a man gains 12% what will be his gain or loss if it is sold for rupees 9114

Answer 1

By selling an almirah for ₹10416
Man gains 12%
So the cost price of that almirah was ₹10416*100/112 =₹9300
Now he sells it for ₹9114
Loss of = ₹(9300-9114) = ₹186
Loss percentage =186/9300* 100 = 2%