By selling a tape-recorder for $ 950, I lose 5%. What percent

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By selling a tape-recorder for $ 950, I lose 5%. What percent shall I gain by selling it for $ 1040?

Given in question , S.P. of the tape recorder = $ 950
For lose 5% ,

C.P. of the tape recorder =	100	× 950 = $ 1000
	95

Second SP = $ 1040
Gain = 1040 – 1000 = $ 40

% Gain =	40	× 100 = 4%
	1000