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By selling a tape-recorder for Rs. 1040 a man gains 4%. If he sells it for Rs. 950, his loss will be
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- 5%
- 4%
- 4.5%
- 9%
Correct Option: A
Given , First S.P. = Rs. 1040 , Gains = 4% and Second S.P. = Rs. 950
| C.P. of tape recorder = Rs. | 100 | × First S.P. |
| ( 100 + Gain% ) |
| C.P. of tape recorder = Rs. |  | 100 | × 1040 |  | = Rs. 1000 |
| 104 |
On selling for Rs. 950,
Loss = Rs. (1000 – 950) = Rs. 50
| ∴ Loss percent = | = 5% | 1000 |
