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

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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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