Question
Download Solution PDFA book was sold for Rs. 704 with a profit of 10%. If it were sold for Rs. 664, then what would have been the percentage of profit or loss?
This question was previously asked in
DDA JE Civil 01 Apr 2023 Shift 2 Official Paper
Answer (Detailed Solution Below)
Option 3 : 3.75% profit
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Detailed Solution
Download Solution PDFGiven :
Book was sold for Rs.704 at profit of 10%.
Calculation :
Profit = 10%
By applying ratio method,
CP = 10, SP = 11
SP = 11 = 704
⇒ 1 = 64
CP = 64 × 10 = 640
New SP = 664
Profit = 24/640 × 100
⇒ 3.75%
∴ The correct answer is 3.75%.
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