By selling an almirah for ₹ 8960, a shopkeeper would gain 12%. If it is sold for ₹ 7800, find his gain or loss percentage?
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Answer:
SP=Rs.3920
Gain%=12%
CP=100SP/100+G%
=100×3920/112
=3500
CP=Rs.3500
If SP=Rs.4735
GAIN =4735-3500
=Rs 875
GAIN PERCENT=(GAIN /CP ) 100
=(875/3500)×100
=25%
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