Bella sold a painting worth $1450 to Teddy at 10% profit. Teddy sold i

1.	Bella sold a painting worth $1450 to Teddy at 10% profit. Teddy sold it to Benny at a 10% loss. If Benny would buy the painting from Bella at the same price at which he bought it from Teddy, what would be Bella's profit or loss percentage?1. 1% profit 2. 2% profit 3. 2% loss4. 1% loss
Answer» Correct Answer - Option 4 : 1% loss Given : Bella sold a painting worth $1450 at 10% profit Teddy sold it to Benny at 10% loss Formula used : Selling price = Cost price + profit on cost price (at profit) Selling price = cost price - loss on cost price (at loss) Calculations : Selling price for Bella(Cost price for Teddy) = 1450 + 10% of 1450 ⇒ 1450 + 145 = $1595 Selling price for Teddy(Cost price for Benny) = 1595 - 10% of 1595 ⇒ 1595 - 159.5 = $1435.5 Now loss or profit percent if Bella had sold his painting at $1435.5 instead of $1450 So, Loss per cent = (cost price - selling price)/Cost price) × 100 ⇒ (1450 - 1435.5)/1450) × 100 ⇒ 1% ∴ Bella would faced a loss of 1% if he sold it for Selling price of Teddy

Bella sold a painting worth $1450 to Teddy at 10% profit. Teddy sold it to Benny at a 10% loss. If Benny would buy the painting from Bella at the same price at which he bought it from Teddy, what would be Bella's profit or loss percentage?1. 1% profit 2. 2% profit 3. 2% loss4. 1% loss

Answer» Correct Answer - Option 4 : 1% loss

Given :

Bella sold a painting worth $1450 at 10% profit

Teddy sold it to Benny at 10% loss

Formula used :

Selling price = Cost price + profit on cost price (at profit)

Selling price = cost price - loss on cost price (at loss)

Calculations :

Selling price for Bella(Cost price for Teddy) = 1450 + 10% of 1450

⇒ 1450 + 145 = $1595

Selling price for Teddy(Cost price for Benny) = 1595 - 10% of 1595

⇒ 1595 - 159.5 = $1435.5

Now loss or profit percent if Bella had sold his painting at $1435.5 instead of $1450

So,

Loss per cent = (cost price - selling price)/Cost price) × 100

⇒ (1450 - 1435.5)/1450) × 100

⇒ 1%

∴ Bella would faced a loss of 1% if he sold it for Selling price of Teddy