a man sold a cycle for Rs.250 at a profit of 25 percent. What would have bee gained or lost percent, if It had been sold for Rs.210?
Let cost price be Rs 100
Profit = 25%
Profit in Rupees will be Rs 25
Therefore selling price is Rs 125.
When CP is Rs 100, SP is Rs 125
What is CP ? when SP is Rs 250
= ( 250 * 100 ) / 125
= Rs 200/-
Therefore if this cycle had been sold for Rs 210, the profit would have been Rs 10/-
Profit % = (10/200) * 100 = 5%
Hope this helps!
