An article is sold for ₹ 2070 at a 15% profit. If the article is sold for ₹ 1890, then what will be the gain/loss percent?
Answer & explanation
Correct answer: option 4
Selling price of the article = 2070
Profit = 15%
Cost price = 2070 × \(\frac{100}{115}\) = 1800
If the article is sold at = 1890
then profit % = (1890 - 1800) × \(\frac{100}{1800}\) = 5%