Question

By selling an Almira for Rs.10,416 a man gains 12% what will be his gain or loss percent if it is soldfor Rs.9114

Answer 1

Answer:

2% loss

Explanation:

Selling price = Rs.10,416

Gain = 12%

=> 112% of CP = 10,416

=> 112/100 × CP = 10,416

=> CP = Rs.9300

Now,

Selling price = Rs.9114

Cost price = Rs.9300

CP > SP

Hence, loss = Rs.(9300-9114) = Rs.186

Loss % = (186/9300 × 100) % = 2%