Question 87
A vase made of glass, when sold for ₹9,600 fetches 20% profit. What would be the percent profit/loss if 15 such vases are sold at a whole-sale price of ₹8,250 each?
Solution
Selling price of a vase = Rs. 9600 and profit % = 20%
=> Cost price = $$\frac{9600}{100+20}\times100=Rs.$$ $$8000$$
New Selling price of each vase = Rs. 8250
=> Profit % = $$\frac{8250-8000}{8000}\times100$$
= $$\frac{250}{80}\approx3\%$$
=> Ans - (A)
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