Arun bought an iron box for 1960 and sold it to Varun and made a profit of 5%. If Bhavan bought it from Varun for 1957.60, then find the loss percentage in the deal.
Share
Arun bought an iron box for 1960 and sold it to Varun and made a profit of 5%. If Bhavan bought it from Varun for 1957.60, then find the loss percentage in the deal.
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
Given ,
Arun sold it to Varun making a profit of 5%
==> (5/100)*1960 was the profit recieved by Arun
==> 98 Rs.
So Arun sold it to Varun to a total price of 1960+98 = 2058 Rs.
Now bhavan bought it from Varun for 1957.60
then loss% ==>( (2058-1957.60)/2058)*100 ==> 4.87% loss has occured to Varun.