Question

a) Mr.Wilson bought a mountain bike for Rs 7,600 and sold it at 10% profit. If he had bought it for Rs 8,000, what would be his profit or loss percent?​

Answer 1

Answer:

$5\%$ loss.

Step-by-step explanation:

$7600 \times (1+10\%)$

$7600 \times 1.1=8360$

$8000 \times (1+10\%)$

$8000 \times 1.1=8800$

His loss is Rs 440.

$\frac{440 \times 100}{8800}$

$=5$

Answer 2

Answer:

Profit %age = 4.5 %

Step-by-step explanation:

Mr. Wilson bought the bike for = Rs 7,600

Profit %age = 10% of 7,600

Profit = $\frac{10}{100}* 7600$

Profit = Rs 760

Amount in which the bike is sold = 7600 + 760 = Rs 8360

If Mr. Wilson had bought the bike for Rs. 8000 and sold it in the same amount,

So he would still be

having a profit of Rs. 360

How much Profit %age:

Profit % age = $Profit * 100/CP$

Profit %age = 360 * 100 / 8000

Profit % age = 36,000 / 8000

Profit %age = 4.5 %