Question: By selling an article for Rs. 102, there is a loss of 15%. When the article is sold for Rs. 134.40, the net result in the transaction is
Options:
A) 12% gain
B) 12% loss
C) 10% loss
D) 15% gain
Show Answer
Answer:
Correct Answer: A
Solution:
- Here, SP = Rs. 102
Loss per cent =15%
CP of article $ =\frac{100\times SP}{100-Losspercent} $
$ =\frac{100\times 102}{100-15}=\frac{10200}{85}=Rs\text{.}120 $
Now, the article is sold for Rs. 134.40
Here, $ SP>CP $
$ \therefore $ Profit percent $ =\frac{SP-CP}{CP}\times 100 $
$ =\frac{134.40-120}{120}\times 100 $
$ =\frac{14.40\times 100}{120}=\frac{1440}{120}=12 $ %