Practicing Success
By selling an article for ₹1,170. Elisa suffers as much loss as she would have gained by selling it at a profit of 22%. If she sells it for ₹1,450, then her profit/loss per cent (correct up to one decimal place) is: |
Profit, 3.3 Loss, 3.3 Loss, 26.2 Profit, 26.2 |
Loss, 3.3 |
Selling price = 1270 According to the question, Profit% = Loss% Profit = 22% Then, loss = 22% Now, 78% of cost price = 1170 100% of the cost price = 1170 × \(\frac{100}{78}\) = 1500 Selling price given = 1450 Loss = 1500 - 1450 = 50 Loss% = 50 × \(\frac{100}{1500}\) = 3.33% |