Profit and Loss Practice Test 5

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Question : 16 of 40

Marks: +1, -0

Find the profit or loss per cent if MP of a bag is

9/ 8

of CP and SP is

25 /18

of CP.

77.14% gain
25% loss
$42 1/9%$ gain
56.25% gain
Cannot be determined

Solution:

\table CP,MP,SP;1,9/8,25/18 × 9/8=1.5625

Profit per cent

=0.5625/1 ×100=56.25%

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