Question
Amina buys a book for ₹ 275 and sells it at a loss 15%. How much does she sell it for? If she had sold it for ₹ 286 calculate the profit percent.
[4 MARKS]
[4 MARKS]
Answer:
:
Concept: 1Mark
Application: 1Mark
Each Answer: 1 Mark
Given that
Amina bought a book for ₹ 275.
So the Cost price, CP = ₹ 275.
Loss%=15%
Loss=15%of275
Loss=15100×275
Loss=4125100
Loss=41.25
Sellingprice=Costprice−Loss
Sellingprice=275−41.25
Sellingprice=₹233.75
Hence she sold it at ₹ 233.75.
If she has sold at ₹ 286,
The selling price, SP = ₹ 286
Profit = SP - CP
∴ On substituting the values we get, Profit = (286 - 275) = ₹ 11
Now, Profit % =profitCostPrice×100
Profit % =11275×100=4
∴ Had she sold it at ₹ 286 her profit% would have been 4%.
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:
Concept: 1Mark
Application: 1Mark
Each Answer: 1 Mark
Given that
Amina bought a book for ₹ 275.
So the Cost price, CP = ₹ 275.
Loss%=15%
Loss=15%of275
Loss=15100×275
Loss=4125100
Loss=41.25
Sellingprice=Costprice−Loss
Sellingprice=275−41.25
Sellingprice=₹233.75
Hence she sold it at ₹ 233.75.
If she has sold at ₹ 286,
The selling price, SP = ₹ 286
Profit = SP - CP
∴ On substituting the values we get, Profit = (286 - 275) = ₹ 11
Now, Profit % =profitCostPrice×100
Profit % =11275×100=4
∴ Had she sold it at ₹ 286 her profit% would have been 4%.
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