Question

There is a profit of 14% if an article is sold for rupees 570 what is the percent profit or loss if the article is sold for rupees 480....plzz explain in steps

Answer 1

Answer:

There is a loss of 4%

Step-by-step explanation:

SP = 570

Profit% = 14

Profit% = 14

This means that if CP = 100 then SP = 114

Given: SP = 570

=> CP = (570*100)/114 = 500

Part 2

CP = 500

SP = 480

As SP < CP, there is a loss

Loss = CP - SP = 500 - 480 = 20

Loss% = 100*(Loss/CP) = 100*(20/500) = 100*0.04 = 4

There is a loss of 4%