Question
What is the profit%/loss% incurred by selling an article
for Rs. 44,000? Statement I: The difference between the cost price and the selling price is Rs. 17,000. Statement II: The ratio between the selling price and the cost price of the article is 5 : 4 respectively.Solution
From I: Since we don't know either CP is greater or SP is greater. So, we cannot determine the profit%. From II: CP of the article = 4/5 × 44000 = 35200 Profit = 44000 - 35200 = 8800 Profit% = 8800/35200 × 100 = 25%
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