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?
​

Answer 1

Answer:

Tony pays 100% and loses 9%, then 4550 represents 91% of the cost of the article .

Step-by-step explanation:

Let the price of the article =p

Then ,

0.9p=4550

p=  

0.9

4550

​  

×100=5055.56

Therefore,

he paid 5055.56. If he gets 4825 for the article  

Then,

5055.56

4825

​  

=0.954

hence,

=0.954−1=−0.046or4.6%