A merchant lost 5% by selling an article for Rs 2565. If he sells it f

1.	A merchant lost 5% by selling an article for Rs 2565. If he sells it for Rs 3105, find his gain or loss percent.
Answer» Answer: 15% PROFIT Step-by-step EXPLANATION: FIRST Cost price=Selling price(100/100-R) =2565(100/100-5) =2565(100/95) =256500/95 =Rs.2700 If he sells it with Rs.3105 which is more than the cost price he has a profit of =3105-2700 =$405 Profit %Profit=Profit/Cost price100% =405/2700100% =40500/2700% =15% profit

A merchant lost 5% by selling an article for Rs 2565. If he sells it for Rs 3105, find his gain or loss percent.

Answer»

Answer:

15% PROFIT

Step-by-step EXPLANATION:

FIRST Cost price=Selling price(100/100-R)

=2565(100/100-5)

=2565(100/95)

=256500/95

=Rs.2700

If he sells it with Rs.3105 which is more than the cost price he has a profit of

=3105-2700

=$405 Profit

%Profit=Profit/Cost price*100%

=405/2700*100%

=40500/2700%

=15% profit