Multiple Choice Questions on Vishal found that he had made a loss of 10 while selling his smartphone He also found that had he so........... for SSC CGL Exam Preparation

Profit and loss

Quantitative Aptitude (CGL) SSC CGL Exam

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Study Notes

    Vishal found that he had made a loss of 10% while selling his smartphone. He also found that had he sold it for Rs.100 more, he would have made a profit of 10%. The initial loss was what percentage of the profit earned, had he sold the smartphone for a 10% profit ?

    100%

    Correct Answer

    118%

    Incorrect Answer

    75%

    Incorrect Answer

    85%

    Incorrect Answer
    Explanation:

    Profit= 10%
    10% of CP = Rs. 100
    CP = Rs. 1000
    Now, Loss% = 10%
    Loss =Rs. 100
    Required % = (100/100)*100 = 100%


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