Question : A man sells his bike for Rs. 1,32,000 earning a profit of 10%. If he had sold it for Rs. 1,26,000, then what is his profit or loss percent?
Option 1: 10% profit
Option 2: 5% loss
Option 3: 10% loss
Option 4: 5% profit
Answer (1)
25th Jan, 2024
Correct Answer: 5% profit
Solution :
Given: Selling price including 10% profit:
Let the cost price be CP.
Cost price = 120000
If it is sold at Rs 126000
Profit = 126000 – 120000 = 6000
Profit percentage =
=
= 5%
Hence, the correct answer is 5% profit.
Comments (0)
Related Questions
Know More about
Upcoming Exams
Exam Date:
2 Mar, 2025
- 20 Mar, 2025
Exam Date:
13 Apr, 2025
- 13 Apr, 2025
Exam Date:
13 Apr, 2025
- 13 Apr, 2025
Preliminary Exam
Exam Date:
25 May, 2025
- 25 May, 2025
