An article was sold at a profit of 14%. Had it been sold for Rs 121 less, a loss of 8% would have been incurred. If the same article would have been sold for Rs 536.25, then the profit/loss percent would have been?OptionsLoss 2.5%Profit 5%Loss 5%Profit 2.5%
Question
An article was sold at a profit of 14%. Had it been sold for Rs 121 less, a loss of 8% would have been incurred. If the same article would have been sold for Rs 536.25, then the profit/loss percent would have been?OptionsLoss 2.5%Profit 5%Loss 5%Profit 2.5%
Solution
To solve this problem, we first need to find the cost price of the article.
Given that the profit is 14%, we can express the selling price as 114% of the cost price.
Let's denote the cost price as 'x'. So, the selling price is 1.14x.
We also know that if the article was sold for Rs 121 less, a loss of 8% would have been incurred. This means the selling price would have been 92% of the cost price, or 0.92x.
So, we can set up the equation 1.14x - 121 = 0.92x.
Solving this equation for 'x', we get x = Rs 605.
Now, if the same article was sold for Rs 536.25, we need to find the profit or loss percent.
The difference between the cost price and the new selling price is Rs 605 - Rs 536.25 = Rs 68.75. This is a loss, as the selling price is less than the cost price.
To find the loss percent, we divide the loss by the cost price and multiply by 100. So, the loss percent is (68.75 / 605) * 100 = 11.36%.
However, this option is not given in the question. There might be a mistake in the question or the options provided.
Similar Questions
A man sells two articles for Rs.3974 each. He sells first article at 25% profit. At what loss % he would have sold second article, if there is neither profit nor loss in whole transaction?Options13.67%16.66%15.50%12.50%
A book was sold for Rs.150 with a profit of 12%. If it were sold for Rs.135 then what would have been the percentage of profit or loss?Options21%23%17%12%
A man sold an article for Rs 6800 and incurred a loss. Had he sold the article for Rs7850, his gain would have been equal to half of the amount of loss that he incurred. At what price should he sell the article to have 20% profit?Options8,2507,5004,7509,000
Select the correct answerAnu sold an article for Rs.480 at some profit. Had she sold it for Rs.400, then there would have been a loss equal to one-third of the initial profit. What was the cost price of the article?OptionsRs.425Rs.450Rs.430Rs.420
A man sells 2 articles at the same price. On one he makes a profit of 19% and on the other he makes a loss of 19%. What is his overall profit or loss percentage?Options4.31% Profit 3.61% Loss4.25% LossNo profit no loss
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.