Profit and Loss Practice Test 3

Question : 13 of 40

Marks: +1, -0

Ram buys an article for 10% less than its value and sells it for 10% more than its value. What is his gain or loss per cent?

Solution:

Let original value = Rs. 100; then C.P. for Ram = Rs. 90 and also his S.P. = Rs. 110
Gain%

= {110 -90}/ 90 × 100

= 20/ 90 ×100

= 22 2/ 9 %

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