Profit and Loss Practice Test 8

Question : 22 of 40

Marks: +1, -0

Vasu sells an article at 5% loss which costs him Rs 16,250 but due to competition, he is further forced to reduce prices by 10%. Find the selling price of an article.

Rs 14,586.25
Rs 12,784.31
Rs 15,932.12
Rs 13,893.75
None of these

Validate

Solution:

Percentage loss incurred by Vasu

=5+10-50/100=14.5%

SP=16250-14.5/100   ×16250

=13893.75

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