SOLUTION: An article is sold for rs 4950 at a gain of 10%.What would have been the gain or loss percent if it had been sold for rs 4275 ?

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Question 1120505: An article is sold for rs 4950 at a gain of 10%.What would have been the gain or loss percent if it had been sold for rs 4275 ?
Answer by josgarithmetic(39618) About Me  (Show Source):
You can put this solution on YOUR website!
p, original price
p%2B%281%2F10%29p=4950
1.1p=4950
p=4500
-
If sold instead for 4275 rs,
%284275-4500%29%2F4500
5% loss