Question

Mayank lost 20% by selling a
. bicycle for 1536/-. what percent
shall be gain or lose by felling it
for 2000/-​

Answer 1

Let s.p=100

20% loss on s.p=20/100×100=20

C.p=100+20=120

When s.p=100,c.p=120

s.p=1. , c.p=120/100

s.p=1536,c.p=120/100×1536

=1843.2

C.p=1843.2

New s.p2000

Profit=2000-1843.2=156.8

%of profit=156.8/2000×100=7.84%(Ans)