By selling a tv for Rs. 1134, A suffers as much loss as she would have gained at 10% profit, If she sells it for 1354.50, then her profit % is?
Answer & explanation
Correct answer: option 1
10% of CP = loss by selling an article at 1134
i.e. 90% of CP = 1134
CP = \(\frac{1134}{90}\) × 100 = 1260
Now, P = 1354.50 - 1260 = 94.5
P % = \(\frac{94.5}{1260}\) × 100% = 7.5%