Question

Mrs.Joshi bought a saree for Rs 1,750.she sold it at a profit of 4%.what would be her profit or loss percent if she had bought it for Rs 2,000?​

Answer 1

9% loss

Explanation:

We first can find the amount of money the saree was sold for by multiplying its buy cost, 1,750, by 1.04 (adding 4% to 1)

`1750 \cdot 10.4 = 1820`

Now, 1820 is definitely less than 2000, so we need to find the percent difference between 2000 and 1820. We can use the formula:

`(higher-lower)/(higher) \cdot 100`

So,

`(2000-1820)/(2000) \cdot 100`

`(180)/(2000) \cdot 100`

`0.09 \cdot 100`

9

So, the loss percent of this dress is 9%.

Hope this helped!