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    Question

    A man finds that the cost price of 4950 articles is same

    as the selling price of 4500 articles. Find his profit/loss%?
    A Profit, 10% Correct Answer Incorrect Answer
    B Loss, 10% Correct Answer Incorrect Answer
    C Profit, 25% Correct Answer Incorrect Answer
    D Loss, 25% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Cost price × 4950 = Selling Price × 4500 (Cost Price )/(Selling Price )=  4500/4950  (Cost Price )/(Selling Price )=  10/11  Let Cost price of an article be 10x, and the selling price of the article be 11x Then Profit = x Profit % = x/10x  ×100 = 10%.

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