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      Question

      A trader sold an item for Rs. 1800 and made a profit of

      25%. If he had sold it for Rs. 1200 instead, what would be the profit or loss percentage?
      A 16.67% loss Correct Answer Incorrect Answer
      B 14.47% profit Correct Answer Incorrect Answer
      C 18.18% profit Correct Answer Incorrect Answer
      D 21.20% loss Correct Answer Incorrect Answer

      Solution

      ATQ,

      Cost price = 1800 / 1.25 = Rs. 1440

      Loss = 1440 – 1200 = Rs. 240

      Loss percentage = (240 / 1440) × 100 = 16.67% loss

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