[Full Solution] A mobile phone is sold for 5060 Rs at a gain of 10%. What would have been the gain or loss per cent if it had been sold for Rs 4370​

When A mobile phone is sold for 5060 with profit 10% then when its sold for Rs 4370 there is a loss of 5%.

Let’s solve Step-by-step :

Given : A mobile phone is sold for Rs 5060 at a gain of 10%.

To Calculate: What would have been the gain or loss per cent if it had been sold for Rs 4370 ?

Solution :

The selling price is SP=Rs.5060.

On this price gain is 10 percent , So

The gain percent is G%=10%

The cost price formula is,

The cost price is Rs.4600.

The selling price is Rs.4370.

AS CP ( Cost price) >SP ( Selling price) there is a loss.

Loss = Cost price – Selling price

Loss = 4600- 4370

Loss =Rs. 230

Loss percentage is calculate by,

There is a loss of 5%.

When a mobile phone is sold for 5060 Rs with 10% profit, calculate loss percent if sold for 4370 Rs

Answer : The loss percent will be 5 %

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