New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    Anu sells articles A and B for ₹4,000 each, with no

    loss or profit in the entire transaction. If A is sold at a 25% profit, then B is sold at a loss of:
    A 15(1/2)% Correct Answer Incorrect Answer
    B 25% Correct Answer Incorrect Answer
    C 20% Correct Answer Incorrect Answer
    D 16(2/3)% Correct Answer Incorrect Answer

    Solution

    Cost Price of A:   = 4000 /1.25 =3200 Total Cost Equals Total Revenue: No loss or profit overall, so total cost A + B = 8000 (since 4000+4000 = 8000). Cost price of B – 8000-3200=4800 Loss on B= 4800-4000 =800 Loss percentage = 800/4800 × 100% =16.67% Therefore, Anu sold article B at a 16.67% loss.

    Practice Next