Multiple Choice Questions on The percentage of loss when an article is sold at Rs60 is same as that of profit when it is sold at ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The percentage of loss when an article is sold at Rs60 is same as that of profit when it is sold at ...........

Quantitative Aptitude ( CCS) Profit and loss
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    The percentage of loss when an article is sold at Rs60 is same as that of profit, when it is sold at Rs80.

    The above mention profit or loss on the article is?

    14(2/7) %

    Correct Answer

    16(2/3)%

    Incorrect Answer

    20%

    Incorrect Answer

    25%

    Incorrect Answer
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    Explanation:

    CP = 60+ 80/2= 70
    Profit = 80-70=10
    Profit % = 10/70 * 100= 14(2/7)%

    Hence, option 1 is the correct answer.

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