A book was sold for $27.50$ with a profit of $10 %$ . If it were sold for $25.75$ , then what would have been the percent of profit or loss?

1 %

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2 %

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3 %

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4 %

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Solution

The correct option is C $3 %$
Given $S P = 27.50$
$P r o f i t = 10 %$
So, $C P = \frac{100}{110} \times S P = \frac{100}{110} \times 27.50 = 25$
When $S P = 25.75$ , the profit is
$(25.75 - 25) = 0.75$
Profit percent $= (\frac{P r o f i t}{C P} \times 100) % = (\frac{0.75}{25} \times 100) % = 3 %$

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A book was sold for 27.50 with a profit of 10%. If it were sold for 25.75, then what would have been the percent of profit or loss?

The correct option is C 3%Given SP=27.50Profit=10%So, CP=100110×SP=100110×27.50=25When SP=25.75, the profit is(25.75−25)=0.75Profit percent =(ProfitCP×100)%=(0.7525×100)%=3%

A book was sold for $27.50$ with a profit of $10 %$ . If it were sold for $25.75$ , then what would have been the percent of profit or loss?

The correct option is C $3 %$
Given $S P = 27.50$
$P r o f i t = 10 %$
So, $C P = \frac{100}{110} \times S P = \frac{100}{110} \times 27.50 = 25$
When $S P = 25.75$ , the profit is
$(25.75 - 25) = 0.75$
Profit percent $= (\frac{P r o f i t}{C P} \times 100) % = (\frac{0.75}{25} \times 100) % = 3 %$