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 ?
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,
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 %