By selling an article for Rs 882 a person loses 10 If he sells it for Rs 991 76 then the percentage ...........

Quantitative Aptitude (MTS) Profit and loss

By selling an article for Rs 882, a person loses 10%. If he sells it for Rs 991.76, then the percentage loss/profit is:

This questions was previously asked in

SSC MTS 8th October 2021 Shift-3

Profot, 1.2%

loss, 5%

profit, 12%

loss, 1.5%

- Let's start by determining the cost price (CP) of the article. Selling at Rs 882 results in a 10% loss.

- A 10% loss implies he's selling it for 90% of the cost price.

- Therefore, 90% of CP = Rs 882; so, CP = Rs 882 / 0.9 = Rs 980.

- When sold for Rs 991.76, check profit/loss:

- Profit/Loss = Selling Price - Cost Price = Rs 991.76 - Rs 980 = Rs 11.76

- Profit % = (Profit/CP) × 100 = (11.76/980) × 100 = 1.2%

- So, selling at Rs 991.76 results in a 1.2% profit.

- Therefore, the correct answer is Option 1: Profit, 1.2%.

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