Question

    A shopkeeper sells an article for Rs. 506, earning a

    profit of 15%. If the same article is sold for Rs. 396, what would be the profit or loss percentage?
    A 10% Correct Answer Incorrect Answer
    B 12% Correct Answer Incorrect Answer
    C 12.5% Correct Answer Incorrect Answer
    D 15% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Cost price of the article = (506/1.15) = Rs. 440 New selling price of the article = Rs. 396 So, loss percentage = {(440 – 396)/440} × 100 = 10%

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