Question

I Gain 19% If I Sell An Article For 595 .What Would Be My Gain Or Loss Percentage If I Sell It For 475

Answer 1

Answer:

Loss % = 5 %

Explanation:

I Gain 19% If I Sell An Article For 595 .What Would Be My Gain Or Loss Percentage If I Sell It for Rs 475?

PART 1

P% = 19%, SP = Rs 595, CP = ??

Profit % = Profit / CP x 100 = {(SP - CP) / CP} x 100

19 = {(595 - CP) / CP} x 100

19 CP = (595 - CP) x 100

19 CP = 59500 - 100 CP

119 CP = 59500

CP = 59500 / 119

CP = Rs 500

PART 2

SP = Rs 475, CP = Rs 500, L% = ??

Loss % = (CP - SP) / CP x 100 = Loss / CP x 100

Loss % = {(500 - 475) / 500 } x 100

Loss % = {25 / 500 } x 100

Loss % = {25 / 5}

Loss % = 5 %