Multiple Choice Questions on If a trader estimates his loss as 10 of the selling price what is his real loss percent ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

If a trader estimates his loss as 10 of the selling price what is his real loss percent ........

Quant (SSC) Profit and loss
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    If a trader estimates his loss as 10% of the selling price, what is his real loss percent?

    100/9%

    Incorrect Answer

    100/11%

    Correct Answer

    100/13%

    Incorrect Answer

    100/7%

    Incorrect Answer
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    Explanation:

    (cp – sp)/sp = 10/100
    10cp = 11sp, now let cp = 1
    So cp of 11 items = 11 and sp = 10,
    loss percent = (1/11)*100 = 100/11 %

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