Mohit lost 18 % by selling a bicycle for Rs. | vedclass

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(C) Given,Selling Price $(S.P._1)$ = $Rs. 1230$ and loss percentage $(x)$ = $-18 \%$.Let the required gain or loss percentage be $y \%$.Using the rela

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$6 \frac{2}{3} \% 	ext{ gain}$

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(C) Given,Selling Price $(S.P._1)$ = $Rs. 1230$ and loss percentage $(x)$ = $-18 \%$.Let the required gain or loss percentage be $y \%$.Using the relation between Selling Price and profit/loss percentage:$\frac{S.P._1}{100 + x} = \frac{S.P._2}{100 + y}$Substituting the values:$\frac{1230}{100 - 18} = \frac{1600}{100 + y}$$\frac{1230}{82} = \frac{1600}{100 + y}$$15 = \frac{1600}{100 + y}$$100 + y = \frac{1600}{15} = \frac{320}{3} = 106 \frac{2}{3}$$y = 106 \frac{2}{3} - 100 = 6 \frac{2}{3} \%$Since the value of $y$ is positive,Mohit gains $6 \frac{2}{3} \%$ by selling it for $Rs. 1600$.

Mohit lost $18 \%$ by selling a bicycle for $Rs. 1230$. What percent shall he gain or loss by selling it for $Rs. 1600$?

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