A trader sold an article for ₹5,040 and earned a profit of 12%. Had he sold it for ₹4,680, what would have been the profit or loss percentage?
4% profit
Let the cost price (CP) be \(x\).
Since a 12% profit was earned on a selling price of ₹5,040: \(x \times 1.12 = 5040 \Rightarrow x = \frac{5040}{1.12} = 4500\).
So the cost price is ₹4,500.
If sold for ₹4,680, the profit would be \(4680 - 4500 = 180\).
Profit percentage \(= \frac{180}{4500} \times 100 = 4\%\).
Similar Questions
A trader buys 15 notebooks for ₹ 270 and sells them at ₹ 21 each. Find the profit percentage.
Important Questions from Profit and Loss
By selling an article for Rs. 2,200, a profit of 10% is earned. If the same article is sold for Rs. 2,600, then what will be the gain percentage?
By selling an article for Rs. 640, a person loses 15% of its selling price. At what price (in Rs.) should he sell it to gain 15% on its cost price?
The selling prices of articles A and B are the same. A is sold at a profit of 28 percent and B is sold at a loss of 24 percent. If the total selling price of the both articles is Rs. 48640, then what is the cost price of A and B, respectively ?
The cost price of an article is Rs. 2800. Profit as a percentage of selling price is 20 percent. What is the actual profit (in Rs.) ?
A trader bought 640 kg of rice. He sold a part of rice at 20% profit and the rest at 5% loss. He earned a profit of 15% in the entire transaction. What is the quantity (in kg) of rice that he sold at 5% loss?
