Question

By selling an article for rs. 950,a man lost 5%. What would be the gain or loss percentage when it is sold for rs. 1040?

Answer 1

The gain percent is 4%.

Step-by-step explanation:

Given : By selling an article for Rs. 950,a man lost 5%.

To find : What would be the gain or loss percentage when it is sold for rs. 1040?

Solution :

The selling price SP=Rs.950

The loss percentage is L%=5%

The cost price is given by,

$CP=\frac{100}{100-L\%}\times SP$

$CP=\frac{100}{100-5}\times 950$

$CP=\frac{100}{95}\times 950$

$CP=1000$

The cost price is Rs.1000

Now, the selling price is Rs.1040.

As Selling price > Cost price

There is a profit.

The gain percent formula is

$G\%=\frac{SP-CP}{CP}\times 100$

$G\%=\frac{1040-1000}{1000}\times 100$

$G\%=\frac{40}{1000}\times 100$

$G\%=4\%$

The gain percent is 4%.

#Learn more

Profit earned by selling an article for rs. 1060 is 20% more than the loss incurred by selling the article for rs.950 . At what price should the article be sold to earn 20% profit.?

https://brainly.in/question/2266016

Answer 2

it's your answer hope it helps you