A man lost 15% by selling a mobile for Rs,4,675. What will be his gain percentage by selling it for Rs.6,050?
Answer & explanation
Correct answer: option 4
Loss =15%
ATQ,
Selling price of mobile = 85% of the cost price
85% of the cost price = 4675
100% of the cost price = \(\frac{4675}{85}\) × 100 = 5500
If the selling price will be = 6,050
Then the gain percentage = \(\frac{(6050 - 5500)}{5500}\) × 100 = 10%