Profit and Loss Practice Test 5

Question : 31 of 40

Marks: +1, -0

On selling an article for Rs 648, a person loses 11.11%. At what price must the person sell the article in order to gain 10%?

Solution:

SP of an article = Rs 648
CP - 11.11% loss on CP = 648

CP (1-1/9)=648

CP=648×9/8=729

SP at 10% profit = CP + 10% profit on CP

=729+10/100×729

= Rs 801.90

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