Question

why selling a chair 770 a carpenter gain 10% on it had he sold it for rs 707 what would have been his gain or loss percent

Answer 1

Answer:

Gain% = 1%

Step-by-step explanation:

Selling Price = Rs 770

Gain = 10%

If cost price is x selling price will be x(1+10/100) = 1.1x

Hence cost price x = 770/1.1 = 700

As the new selling price = 707 ; Gain = 707-700 = 7

New gain% = 7/700 *100 = 1%