Question 51

By selling an article for ₹300, a person incurred a loss of 6.25%. Whatis his profit, if it is sold for ₹352?

Solution

Selling price = ₹300

Loss % = 6.25

Cost price = $$\frac{300}{93.75}\times\ 100=320$$

New Selling Price = ₹352 (given)

Profit = New Selling price - Cost price = ₹352 - ₹320 = ₹32

Hence, Option C is correct.

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