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Suresh loses 15% when he sells his compu...

Suresh loses 15% when he sells his computer for Rs 17,000. If he sells it for Rs 20,448, then his loss profit percentage is :

A

Loss: 1.12%

B

Profit : 1.12%

C

Profit : 2.24%

D

Loss : 2.24%

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to determine Suresh's cost price (CP) of the computer and then calculate the profit percentage when he sells it for Rs 20,448. ### Step 1: Calculate the Cost Price (CP) Suresh sells the computer for Rs 17,000 at a loss of 15%. To find the cost price when there is a loss, we can use the formula: \[ \text{Selling Price (SP)} = \text{Cost Price (CP)} \times \left(1 - \frac{\text{Loss Percentage}}{100}\right) \] Given: - SP = Rs 17,000 - Loss Percentage = 15% Substituting the values into the formula: \[ 17,000 = CP \times \left(1 - \frac{15}{100}\right) \] \[ 17,000 = CP \times 0.85 \] Now, we can solve for CP: \[ CP = \frac{17,000}{0.85} \] \[ CP = 20,000 \] ### Step 2: Calculate the Profit or Loss when Selling for Rs 20,448 Now, we need to find out if Suresh makes a profit or a loss when he sells the computer for Rs 20,448. Given: - New SP = Rs 20,448 - CP = Rs 20,000 Now, we calculate the profit: \[ \text{Profit} = \text{New SP} - \text{CP} \] \[ \text{Profit} = 20,448 - 20,000 \] \[ \text{Profit} = 448 \] ### Step 3: Calculate the Profit Percentage To find the profit percentage, we can use the formula: \[ \text{Profit Percentage} = \left(\frac{\text{Profit}}{\text{CP}}\right) \times 100 \] Substituting the values: \[ \text{Profit Percentage} = \left(\frac{448}{20,000}\right) \times 100 \] \[ \text{Profit Percentage} = 0.0224 \times 100 \] \[ \text{Profit Percentage} = 2.24\% \] ### Final Answer Suresh makes a profit of **2.24%** when he sells the computer for Rs 20,448. ---
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