By selling an article for Rs. 9.50 a man losses 5%.if he had sold it for Rs. 12.20 ,the gain would be?
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Selling price of the article is = Rupees 9.50
Let the cost price be x
Loss percent=5 percent
Loss = 5/100×x
Loss= Cost price-Selling price
5x/100= x-9.50
5x=(x-9.50)100
5x=100x-950
100x-5x=950
95x=950
x=950/95
x=Rupees 10
Cost price of the article os Rupees 10
If the selling price would be 12.20
Gain =Selling price - Cost price
Gain=12.20-10.00
Gain =2.20
Gain percent =Gain /Cost price ×100
Gain =2.20/10×100
Gain percentage=22 percent
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