A radio is sold for Rs.3120 at a loss of 4%. What will be the gain or loss per cent if it is sold for Rs.3445?

Question

Philoid · Accepted Answer

Let × be the CP of a Radio

SP

So, CP of a Radio is Rs.3250.

New SP = Rs.3445

Since SP > CP, it will be a case of Gain

Gain = SP – CP

= 3445 – 3250

= Rs.195

= (195 × 100) / 3250

= 6%

So, if Radio is sold at Rs.3445. Gain Percent will be 6%.