Question

By selling an article for 640 a man suffers a loss of 20%. How much profit will the man make if he sells the article for ₹960?​

Answer 1

Answer:

16 2/3

hope it's helpful to u

Answer 2

Given data,

The  amount of selling price of an article is $640$

After selling the article the person will go into loss.

The loss percentage is given as $20$%

The loss can be calculated as

$640\times\frac{20}{100}$

$64\times 2$

$128$

The amount of loss percentage is $128$

The loss is added to the selling price we get the actual price that is cost price.

Cost price = Loss + Selling price

$128+640$

$768$

The cost price of the article is $768$

If he sells the article for rupees $960$.

We have to find how much he gains profit.

Now we have to subtract cost price from the estimated selling price.

$960-768$

$=192$

Therefore, the profit he gains with the estimated selling price is $192$.