Question
A shopkeeper sells an article for Rs. 506, earning a
profit of 15%. If the same article is sold for Rs. 396, what would be the profit or loss percentage?Solution
ATQ, Cost price of the article = (506/1.15) = Rs. 440 New selling price of the article = Rs. 396 So, loss percentage = {(440 – 396)/440} × 100 = 10%
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