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    Question

    What is the profit percent or loss percent incurred in

    the transaction? Statement I: 5% discount is given on the marked price. Statement II: Cost price is 10% more than the marked price. Statement III: Selling price of the article is Rs. 22,800
    A I and II together or only III alone Correct Answer Incorrect Answer
    B Only I and III Correct Answer Incorrect Answer
    C Only I and II Correct Answer Incorrect Answer
    D All I, II and III Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    From (I) & (III) MP = 22,800×100/95 = Rs. 24,000 ………...(i) From (II), CP = 24,000 × 110/100 = Rs. 26,400 …………(ii) From (i) and (ii), ∴ Loss % = (26400-22800)/26400× 100 = 13.6% approx.

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