Question

On selling an almirah for Rs. 20350, a man gains 10%. What per cent does he gain on selling same for Rs. 19610?.

Answer 1

If $S.P=20,350$

gain is $10\%$

$\Rightarrow 110\%$ of C.P is $20,350$

$\frac{110}{100}\times C.P=20,350$

$\Rightarrow C.P=18,500$

If S.P is $19610$,

the gain $\%=\frac{profit}{c.p}\times 100$

$=\frac{(19610-18500)}{18500}\times 100$

$=\frac{1110}{18500}\times 100$

$=6$

$\therefore$ If he sells at $19,610$, gain $\%$ will be $6\%$.