Profit and Loss Practice Test 5

Question : 19 of 40

Marks: +1, -0

By selling an article for Rs. 40, there is a loss of 40%. By selling it for Rs. 80 there is:

Solution:

Here, Rs. 40 = 60%
∴ Rs. 80 =

60/40 × 80

= 120%
Hence, gain% = (120 – 100) = 20%

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