Question

By selling goods for Rs. 186, a merchant loses 7% on his outlay. Find the percentage profit on his outlay when he sells the same goods for Rs. 210?

Answer 1

Step-by-step explanation:

Solution,

In first case,

Selling price (SP) = Rs 186

Loss = 7%

We have, CP= SP × 100/ 100 - L%

= 18600/ 93

= Rs. 200

In second case,

CP = Rs 200

SP = 210

Profit % = SP - CP / CP × 100 %

= 210 - 200 / 200 ×100 %

= 10 / 200 × 100 %

= 10 %