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Question
Deepak found that he had made a loss of 10% while selling his smartphone. He also found that had he sold it for Rs 50 more, he would have made a profit of 5%. The initial loss was what percentage of the profit earned, had he sold the smartphone for a 5% profit ?
Deepak found that he had made a loss of 10% while selling his smartphone. He also found that had he sold it for Rs 50 more, he would have made a profit of 5%. The initial loss was what percentage of the profit earned, had he sold the smartphone for a 5% profit ?
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Solution
The correct option is B 200%
Profit = 5%
5% of CP = Rs 50
CP = Rs 1000
Now, Loss % = 10%
Loss = Rs 100
Required % =10050×100=200%
Profit = 5%
5% of CP = Rs 50
CP = Rs 1000
Now, Loss % = 10%
Loss = Rs 100
Required % =10050×100=200%
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