Multiple Choice Questions on An article was sold for Rs 55 with a profit of 10 If it were sold for Rs 51 25 then what would have ........... for CDS Exam Preparation

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Multiple Choice Questions

An article was sold for Rs 55 with a profit of 10 If it were sold for Rs 51 25 then what would have ...........

Quantitative Aptitude (CDS) Profit and loss
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    An article was sold for Rs. 55 with a profit of 10%. If it were sold for Rs. 51.25, then what would have been the percentage of profit or loss?

     

    5.7%
     

    Incorrect Answer

    6.5%
     

    Incorrect Answer

    7.5%
     

    Correct Answer

    6%

    Incorrect Answer
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    Explanation:

    SP = Rs.55, profit = 10%
    So, CP = Rs. (100/110 x55) = Rs. 50
    When SP = Rs. 51.25, Profit = Rs. (55 - 51.25) = Rs. 3.75
    Profit % = (3.75/50 ×100)= 7.5%

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