Profit and Loss Practice Test 5

Question : 3 of 40

Marks: +1, -0

By selling a cell phone for Rs 2,400, a shopkeeper makes a profit of 25%. Then, his profit percentage if he had sold it for Rs 2,040 is:

Solution:

\table \SP ,\Profit ,\CP;2400 ,25%, x;2040, y, 1920

SP = CP + Profit % of cost price

2400=x+25/100x

2400=125/100x

x=1920

Profit per cent

={2040-1920}/1920×100=6.25%

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