karim makes a loss of 19% by selling a mobile phone to Mohan at Rs. 4860. If Mohan sells to Rahim at the same price in which Karim sells to Mohan, then Karim makes a profit of 17%. What is the percentage profit of Mohan?
Formula used.
Loss/profit percent =
× 100%
Selling price = Rs. 4860
Let Cost price be X
Then selling price = X –
=
= ![]()
By equating both
= Rs. 4860
X =Rs. 6000
If Mohan sells at 17% profit
17% =
× 100%
Profit = 17× 60 = 1020
Total profit = 1020+1320 = 2340
Loss/profit percent =
× 100%
Profit percent =
× 100%
= 50%
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