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

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Multiple Choice Questions

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

Quant (SSC) Profit and loss
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    By selling an article for ? 102, there is a loss of 15%, when the article is sold for ? 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%  × SP
    = 100 / 100 - 15 x 102 = ? 120
    On selling at ? 134.40,
    Gain = ? (134.4 – 120) = ? 14.4
    ∴ Gain per cent = 14.4 /120 x 100 = 12%

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