Profit and loss

Quantitative Aptitude ( CCS)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

An article when sold for Rs. 960 fetches 20% profit. What would be the per cent profit/loss if 5 such articles are sold for Rs. 825 each?

3.125% profit

3.125% loss

Neither profit nor loss

16.5% profit

Whether there is only 1 article or 5 Articles. We just need to find the ratio of Cost price to the Selling Price.

Let's assume that the C.P of 1 Article = 100

Hence the S.P = 120 -------> Rs.960

C.P = 100 -----> 960/120 * 100 = 800 Rs.

CP of 5 Articles : S.P of 5 Articles

5 * 800 : 5 * 825

32 : 33

P% = 1/32 * 100% = 3.125%