Profit and Loss Practice Test 6

Question : 18 of 40

Marks: +1, -0

A table clock is sold at a profit of 10%. Had it been sold for Rs. 40 less, there would have beena loss of 10%. What is the cost price?

Solution:

Here, 20% = 40

∴ 100% =40/20 ×100 = 200

Hence, C.P. = Rs. 200

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