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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 = 100/118×250.90 = Rs. 212.63

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

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