Ravish lost 20% by selling a radio set for 3072.what % will he/gain by selling it for 4080
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Selling price=Rs 3072
Loss%=20%
Cost price=(100/100-20)×3072
=(100/80)×3072=3840
If selling price=Rs 4080
Then, gain=4080-3840=Rs 240
Gain%=(240/3840)×100
=100/16=6.25%
Loss%=20%
Cost price=(100/100-20)×3072
=(100/80)×3072=3840
If selling price=Rs 4080
Then, gain=4080-3840=Rs 240
Gain%=(240/3840)×100
=100/16=6.25%
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