Question

    A printer was sold at Rs. 18,700 with a 15% loss. What

    would have been the profit percentage if it had been sold for Rs. 23,000?
    A 4.55% Correct Answer Incorrect Answer
    B 12% Correct Answer Incorrect Answer
    C 10.55% Correct Answer Incorrect Answer
    D 8% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Cost price of the printer = 18700 ÷ 0.85 = Rs. 22,000

    So, percentage of profit earned if sold for Rs. 23,000 = {(23000 - 22000)/22000} × 100

    = (1000/22000) × 100 = 4.55%

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