Question

By selling an article for 300 . A person incurred a loss of 6.25%. whatis his profit , if it is sold for 352 ?​

Answer 1

Answer:

9.44%

Step-by-step explanation:

If person sold an article for Rs. 300, then loss of 6.25% is incurred.

For finding original price, we have to add 6.25% of 300 in 300.

So, original price is 300 * 1.0625 = 318.75 Rs.

Now, if he sold this article for 352, then he will gain the profit of

33.25 Rs. For finding the percentage you have to divide 33.25 to 352.

Profit = ( 33.25 * 100 ) / 352

= 9.44 %