Question 54
Ajay sold an article for ₹84 at a loss of 30%. If he sells the same article at ₹120, then what will be his profit or loss percentage?
Solution
Ajay sold an article for ₹84 at a loss of 30%.
Initial selling price = (100-30)% = 84
70% = 84
1% = 1.2
cost price = 100% = 120
If he sells the same article at ₹120.
It means that the cost price and selling price of the article is the same in that case. It means that there is no profit no loss.
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