Multiple Choice Questions on By selling an article for Rs 102 there is a loss of 15 when the article is sold for Rs 134 40 the ne........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

By selling an article for Rs 102 there is a loss of 15 when the article is sold for Rs 134 40 the ne...........

Quant (SSC) Profit and loss
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    By selling an article for Rs 102, there is a loss of 15%, when the article is sold for Rs 134.40, the net result in the transaction is

    12% gain

    Correct Answer

    12% loss

    Incorrect Answer

    10% loss

    Incorrect Answer

    15% gain

    Incorrect Answer
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    Explanation:

    CP of article
    = 100 /100 – loss% x SP
    = 100 /100 - 15 x 102 = Rs 120
    On selling at Rs 134.40,
    Gain = Rs (134.4 – 120) = Rs 14.4
    ∴  Gain per cent = 14.4/120 x 100 = 12%

    By: Amit Kumar
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