ABC26GN2563 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:

A book was sold for ` 27.50 with a profit of 10%. If it were sold for ` 25.75, then what would have been the percentage of profit or loss?

Answer

Answer (as printed):

Explanation

S.P. = ₹27.50, Profit = 10%. C.P. = $\frac{100}{110} \times 27.50 = ₹25$. When S.P. = ₹25.75, profit = ₹(25.75 – 25) = ₹0.75. Profit % = $\frac{0.75}{25} \times 100\% = 3\%$.

Explanation as extracted from the printed page; notation may be imperfect.

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