Question : By selling a tape recorder for Rs. 1040, a man gains 4%. If he sells it for Rs. 950, his loss will be:
Option 1: 5%
Option 2: 4%
Option 3: 4.5%
Option 4: 9%
Answer (1)
22nd Jan, 2024
Correct Answer: 5%
Solution :
Let the cost price (CP) be Rs.
The selling price of the tape recorder is Rs. 1040.
The selling price is equal to 104% of
Selling price =
Cost price (
If it is sold for Rs. 950, there is a loss of Rs. 50.
So, loss %
Hence, the correct answer is 5%.
Comments (0)
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