Multiple choice

An article is sold for Rs.2070 at a 15% profit. If the article is sold for Rs.1890, then what will be the gain /loss percent?

  1. 10% loss

  2. 5% loss

  3. 10 % gain

  4. 5 % gain
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

First find CP: SP = 2070, profit = 15%, so CP = 2070/1.15 = 1800. New SP = 1890. Profit = 1890 - 1800 = 90. Profit percent = (90/1800) × 100 = 5%. Therefore, there is a 5% gain when sold at Rs. 1890. The key is to first establish the cost price from the first selling price, then calculate profit/loss on the new price.

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