Profit and loss

Quantitative Aptitude (IB)

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A sells an article to B at a profit of 20% B sells the article back to A at a loss of 15%. What is the loss or profit percentage for A in this transaction.

18% profit

12% loss

18% loss

12% profit

Explanation:

Let the CP be Rs100
Then A sell to B=100*120/100=Rs120
Again B sell to A=120*85/100=Rs102
Profit =120-102=Rs18.
Profit %ge= 18%

Hence, opton 1 is the correct answer.

By: Amit Kumar

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