A person sells a pen for Rs. 2000 and thus bears a loss of 20%. Find t

1.	A person sells a pen for Rs. 2000 and thus bears a loss of 20%. Find the gain or loss percentage if he sells the pen at Rs. 2250.1. 10% profit2. 10% loss3. 15% profit4. 15% loss
Answer» Correct Answer - Option 2 : 10% loss GIVEN: Loss = 20% when SP = Rs. 2000 FORMULA USED: Profit = [(SP - CP)/CP] × 100 Loss = [(CP - SP)/CP] × 100 CALCULATION: Since loss is of 20% we can calculate CP as: 20 = [(CP - 2000)/CP] × 100 ⇒ CP = 2000/0.8 = 2500 Now he sells the pen at Rs. 2250: So, Loss % = [(2500 - 2250)/2500] × 100 = 25000/2500 Loss % = 10%

A person sells a pen for Rs. 2000 and thus bears a loss of 20%. Find the gain or loss percentage if he sells the pen at Rs. 2250.1. 10% profit2. 10% loss3. 15% profit4. 15% loss

Answer» Correct Answer - Option 2 : 10% loss

GIVEN:

Loss = 20% when SP = Rs. 2000

FORMULA USED:

Profit = [(SP - CP)/CP] × 100

Loss = [(CP - SP)/CP] × 100

CALCULATION:

Since loss is of 20% we can calculate CP as:

20 = [(CP - 2000)/CP] × 100

⇒ CP = 2000/0.8 = 2500

Now he sells the pen at Rs. 2250:

So,

Loss % = [(2500 - 2250)/2500] × 100

= 25000/2500

Loss % = 10%

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A person sells a pen for Rs. 2000 and thus bears a loss of 20%. Find the gain or loss percentage if he sells the pen at Rs. 2250.1. 10% profit2. 10% loss3. 15% profit4. 15% loss

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