Question

Question Maths :-
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Correct Explanation needed

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A shopkeeper makes a loss of 6%by selling a pair of Jean's for rs.564. Find profit or loss percent if he sells it for rs.675​

Answer 1

Answer:

Profit percentage = 12.5%

Step-by-step explanation:

Let the cost of jeans be x

selling price = costprice - loss

564 = x - 0.06x

564 = 0.94x

x = 564/0.94 = 600

In second case

selling price = 675 which is greater than cost price(600). Hence the profit is

Profit = Selling price - Cost price

= 675 - 600 = 75

profit percentage = (75/600) × 100 = 12.5%

Answer 2

Answer:-

Given:

SP = Rs. 564

Loss% = 6%

We know that,

CP × (100 - loss%)/100 = SP

So,

⟹ CP × (100 - 6) / 100 = 564

⟹ 94CP = 564 × 100

⟹ CP = 564 × 100/94

⟹ CP = Rs. 600

Now,

The Jeans is sold for Rs. 675.

So,

SP = Rs. 675

CP = Rs. 600

We have to find the profit %.

We know,

Profit% = (SP - CP / CP) × 100

So,

⟹ Profit% = (675 - 600) 100/ 600

⟹ Profit% = 75/6

⟹ Profit% = 12.5 %.

∴ There's a profit of 12.5% when the jeans is sold for Rs. 675.