Question

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

• A. 5% loss
• B. 2.25% loss
• C. 5% gain
• D. 5% gain

Answer 1

Answer:

A. 5% loss

SP=5060 gain percent is 10% CP=100x5060/110=4600 The cost price is Rs.4600. if selling price is Rs.4370. Loss = 4600- 4370 Loss =Rs. 230 Loss%=(230/4600)x100 =5%