Question

    A sofa set was sold for Rs. 63,000 at a 10% loss. If it

    were sold for Rs. 75,600, what would be the profit percentage?
    A 4% Correct Answer Incorrect Answer
    B 12% Correct Answer Incorrect Answer
    C 10% Correct Answer Incorrect Answer
    D 8% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Cost price of the sofa set = 63000 ÷ 0.9 = Rs. 70,000

    So, percentage of profit earned if sold for Rs. 75,600 = {(75600 - 70000)/70000} × 100

    = (5600/70000) × 100 = 8%

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