Question

Manav lost 12%by selling his mobile phone for 1628 . What %shall he gain for lose by selling for 2000?

Answer 1

Step-by-step explanation:

88 % C.P = 1628

C.P = 1850

S.P = 2000

Gain = 150

Gain % = 8.10...

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Answer 2

The profit percentage is 8.1%

Step-by-step explanation:

Given that

Loss % = 12%

SP = Rs 1628

The formula for cost price is given by

$CP=\frac{SP\cdot100}{100-\%Loss}$

Substituting the values and find the cost price

$CP=\frac{1628\cdot100}{100-12}\\\\CP=\frac{162800}{88}\\\\CP=Rs1850$

Now, given that

SP = Rs 2000

Since, SP > CP. Hence, there must be profit

Profit = SP - CP

Profit = Rs 2000 - Rs 1850

Profit = Rs 150

Profit percentage is given by

$\%\text{ Profit }=\frac{\text{Profit}}{CP}\times100\\\\=\frac{150}{1850}\times100\\\\=8.1\%$

Therefore, the profit percentage is 8.1%

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