Question 51

On selling an article for ₹2400 a trader earns 25% profit. If he had sold it for ₹2160, then what was his profit or loss percentage?

Solution

Selling price of an article = ₹2400

Profit = 25%

Cost price $$\times\ \frac{125}{100}=2400$$

C.P = ₹1920

Had the item is sold for ₹2160

So,

Profit = Selling price - Cost price = ₹2160 - ₹1920 = ₹240

Profit % = $$\frac{240}{1920}\times\ 100=12\frac{1}{2}\%$$

Hence, Option B is correct.

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