ABC26GN2606 · Profit and Loss

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

A man buys 10 articles for ₹ 8 and sells them at the rate of ₹ 1.25 per article. His profit is

(a)$19 \frac{1}{2} \%$

(b)20\%

(c)50\%

(d)$56 \frac{1}{4} \%$

Answer

Answer (as printed): D

Explanation

C.P. of 10 articles $=₹ 8$. S.P. of 10 articles $=₹(1.25 \times 10)=₹ 12.5$. Profit $=₹(12.5-8)=₹ 4.50$. ∴ Profit $\%=\left(\frac{4.5}{8} \times 100\right) \%=56 \frac{1}{4} \%$.

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

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