A pen was sold for Rs.166.44 with a profit of 14%. If it were sold for Rs.154.76, then what would have been the percentage of profit or loss? |
5% loss 6% profit 5% profit 6% loss |
6% profit |
Profit of 14% on cost price means 114% of the cost price If,114% of the cost price = 166.44 Then, 100% of the cost price = 146 If it were sold for Rs.154.76 then the profit = 154.76 - 146 = 8.76 Profit% = \(\frac{8.76}{146}\) × 100 = 6% |