QA – Placement Quizzes | Profit and Loss | Question 3
A bookseller gains a profit of 10% after selling a book at the price of Rs 27.50. If it is sold at the price of Rs 25.75, find out the percentage of loss or profit on the book.
(A) Profit 3%
(B) Loss 4%
(C) Profit 5%
(D) Loss 2%
Explanation: SP of the book = Rs 27.50 and he gains 10% profit on it. So,
CP of the book = Rs (100/110 × 27.50) = Rs 25.
If the book is sold at Rs 25.75, the seller will make a profit of Rs (25.75 – 25.00) = Rs 0.75.
Therefore, percentage of profit = 0.75/25 × 100% = 3%.
Quiz of this Question
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