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      Question

      A book was sold for Rs. 250.90, earning a profit of 18%.

      If the selling price had been Rs. 230.40 instead, what would have been the profit or loss percentage?
      A 5.5% profit Correct Answer Incorrect Answer
      B 8.34% profit Correct Answer Incorrect Answer
      C 8.34% loss Correct Answer Incorrect Answer
      D 5.5% loss Correct Answer Incorrect Answer

      Solution

      ATQ,
      SP = Rs. 250.90 and profit percentage = 18%

      So, CP = 100/118Γ—250.90 = Rs. 212.63

      Now, new SP = Rs. 230.40 Image
      = 8.34% profit

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