Question

A man sold a bag for Rs 1,368 at 5% loss. Calculate her profit or loss percent if she had sold it for Rs 1,512.

help!!​

Answer 1

Profit %age = 6.55 %

Explanation:

Selling Price = Rs 1,368

Loss % age = 5 %

Finding Cost Price:

Let Cost Price be x

So,

x = 1368 + 0.05x

x - 0.05x = 1368

0.95 x = 1368

=> x = Rs 1440

If he had sold it for Rs 1512, she would be having a profit of Rs 72

Profit %age:

Profit %age =
`Profit*100/CP`

Profit %age = 72 * 100 / 1440

Profit %age = 7200 / 1440

Profit %age = 5 %