New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Question

    If there is a loss of 20% on selling the article at

    16/21 of the original selling price then what will be the percentage profit after selling the article at original selling price?
    A 7% Correct Answer Incorrect Answer
    B 8% Correct Answer Incorrect Answer
    C 5% Correct Answer Incorrect Answer
    D 7% Correct Answer Incorrect Answer

    Solution

    Let the original selling price be Rs. 21x New selling price = (16/21) × 21x = Rs. 16x Now, cost price of the article = 16x/0.8 = Rs. 20x Required profit percent = [(21x – 20x)/20x] × 100 = 5%

    Practice Next

    Relevant for Exams: