Question

If a man sold an article for rupees 81 he would make 8% profit find the % profit or loss if sold for rupees 70.5

Answer 1

Let the cost price be X

X + 8%X = 81

X + 0.08 X = 81

1.08X = 81

X = Rs.75

If it sold for 70.5 ,

Loss = Rs.75 - Rs.70.5 = Rs 5.5

Loss % = Rs.5.5/ Rs.75 × 100

Loss% = 7.33%