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      Question

      The cost price of table A is equal to the selling price of table
      B. The cost price of table B is Rs.280 and the selling price of table A is Rs.300. If the profit percentage on table A is 25%, then find the approximate profit or loss percentage of table
      B.

      A 14% loss Correct Answer Incorrect Answer
      B 21% profit Correct Answer Incorrect Answer
      C 32% loss Correct Answer Incorrect Answer
      D 18% profit Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ, Let the cost price of table A = x Let the selling price of table B = y Given: x = y For table A: CP = x, SP = 300, Profit% = 25% SP = CP × (100 + 25)/100 300 = x × 125/100 300 = 1.25x x = 300 / 1.25 = 240 So, CP of A = Rs.240 SP of B = y = x = Rs.240 For table B: CP = 280, SP = 240 Loss = 280 – 240 = 40 Loss% = (40/280) × 100 = (1/7) × 100  = 14.2857…%) or 14% approx

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