📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    If a pen is bought at 11/12th of its selling price and

    sold at 10% more than its selling price, what will be the percentage profit?
    A 25% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 35% Correct Answer Incorrect Answer
    D 15% Correct Answer Incorrect Answer

    Solution

    Let the SP = 600 Rs CP = 600 × 11/12 CP = 550 Rs ATQ-if sold at 10% more than its selling price SP = 600 × 110/100 SP= 660 Then Profit = 660-550 = 110 Profit % = (110/550) ×100 = 20%

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question