Profit and Loss Practice Test 1

Question : 27 of 40

Marks: +1, -0

The catalogue price of a radio is Rs. 720. If it is sold at a discount of

16 2 /3 %

of the catalogue price, the gain is 25%. Find the gain or loss per cent, if it is sold for Rs. 160 below the catalogue price.

Solution:

S.P.=250/{3×100}×720=600

∴ C.P.

=600×100/125=480

Again, when S.P. = 720 – 160 = Rs. 560, then, gain = 560 – 480 = Rs. 80
∴ Gain %

=80×100/480= 16 2/3%

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