Question

By selling an article for ₹4550,Tony incurs a loss of 9%.What percent would he gain or lose by selling it for ₹4825 ?


please give me a simple answer..with step by step and I will mark it as brainliest ​

Answer 1

Answer:

Step-by-step explanation:

if Tony pays 100%, and loses 9%, then 4550 represents 91% of the cost of the article. Let p be the price of the article. Then:

.91p=4550

p=$5000

So he paid 5000. If he gets 4825 for the article, then:

4825/5000=0.965

0.965 - 1=-0.035 or, a loss of 3.5%

Answer 2

Answer:

Loss = 3.5%

Step-by-step explanation:

Let cost price = 100

Loss = 9%.

Selling price = 100 - 9 = 91.

=> Selling price is 91, cost price is 100.

Then,

If selling price is 4550, cost price is (100 * 4550/91

=> 5000.

Hence, Cost price > Selling price.

Loss = (5000 - 4825) = 25

Loss%  = (Loss/CP) * 100

            = (175/5000) * 100

            = 3.5%

Therefore, Loss = 3.5%

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