Question

RAMESH GAINS 5% BY SELLING HIS OLD SCOOTER FOR Rs. 6720. IF HE SELLS IT FOR Rs. 6500, FIND HIS GAIN OR LOSS %

Answer 1

Hey,sup!

Let the cost price of scooter be x.

Gain=5%.

So selling price= x(1+5/100)=105x/100.

Also selling price= 6720Rs.

So, 105x/100= 6720.
x= 6720/105 ×100
Cost price = 6400Rs.

If selling price= 6500.

Gain= 6500-6400.
= 100.

Gain%= 100/6400 ×100.
= 1.56%.

Hope it helps.