Question

By selling an article for Rs.6992, Jony incurs a loss of 8%. What percent would he gain or loss by selling it for Rs.9120?
Please Answer it fast.!

Answer 1

By applying unitary method:

6992            8%

9120             x%

6992 x%=9120  x   8%

6992 x%  =72960%

x%  = 72960%  /   6992

=x%= 10.43 %

= He will get 10.43% loss by selling it for Rs.9120.

Answer 2

Given Selling price of the article = 6992.

Given Loss = 8%.

That means, 92% of the Cost price of the article = 6992.

Cost price = (100 * 6992)/92

= > 699200/92

= > 7600

Given New Selling price = 9120.

We know that Gain = Selling price - Cost price

= > 9120 - 7600

= > 1520.

Now,

Gain% = (Gain/CP) * 100

= > (1520/7600) * 100

= > 20%.

Therefore, he would gain 20% by selling it for 9120.

Hope it helps!