Arif incurred a loss of 25% by selling a used mobile phone set at taka 1500. How much could he gain/lose by selling it at 2,200 taka?

Arif incurred a loss of 25% by selling a used mobile phone set at taka 1500. How much could he gain/lose by selling it at 2,200 taka? Correct Answer 10% gain

Arifs buying price was ( 100×1500)/75 = 2000 Now, (2200 - 2000) = 200 So he will gain = ( 200×100)/ 2000 = 10%
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