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    Question

    An article was sold for Rs. 2100 with a profit of 40%.

    Calculate the percentage of profit or loss if it had been sold for Rs. 1800.
    A 10% loss Correct Answer Incorrect Answer
    B 14% profit Correct Answer Incorrect Answer
    C 20% profit Correct Answer Incorrect Answer
    D 24% loss Correct Answer Incorrect Answer

    Solution

    ATQ,

    Cost price = 2100 / 1.4 = Rs. 1500

    Profit = 1800 – 1500 = Rs. 300

    Profit percentage = (300 / 1500) × 100 = 20% profit

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