Profit and Loss Practice Test 8

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Question : 14 of 40

Marks: +1, -0

If the selling price of an item is Rs 6,342 and its cost price is

7 /6

times of its selling price, then the loss or profit per cent is:

10.33 loss
$16 2/3%$
15% loss
15% Profit
20 % loss

Solution:

SP = 6,342

CP=7/6 ×6342=7399

Loss per cent

={7399-6342}/6342×100=16 2/3%

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