ए रेडियो इज सोल्ड फॉर 3108 ए लॉस आफ 4% व्हाट विल बी द गेम ऑन लॉस परसेंटेज if it is sold for 3445
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Explanation:
Solution:-
Let the cost price be Rs 'x'.
On selling the radio at Rs. 3120, the loss is 4 %.
So, according to the question
x - (4/100)*x = 3120
24x/25 = 3120
x = (3120*25)/24
x = 78000/24
x = Rs. 3250
S, Cost Price of the radio is Rs. 3250.
Now, if it is sold at Rs. 3445, then the gain = 3445 - 3250
= Rs 195
Gain percentage = (Profit/CP)*100
= (195/3250)*100
Gain = 6 %
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