A radio is sold for Rs. 990 at a profit of 10% . What would have been the actual profit or loss on it had it been sold for Rs. 890 ?
A. Rs. 10 loss
B. Rs. 10 profit
C. Rs. 90 loss
D. Rs. 90 profit
Answer: Option A
Solution(By Examveda Team)
Selling price of a radio (SP) = Rs 990profit (g) = 10%
Let the cost price = CP
$$\eqalign{ & {\text{CP}} = \frac{{{\text{SP}} \times 100}}{{100 + {\text{g}}}} \cr & \Rightarrow CP = \frac{{990 \times 100}}{{100 + 10}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = \frac{{990 \times 100}}{{110}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,900 \cr & {\text{Now,}} \cr & {\text{CP}} = Rs.\,900 \cr & {\text{SP}} = Rs.\,890 \cr & {\text{CP}} > {\text{SP}} \cr & {\text{He}}\,{\text{gets}}\,{\text{loss}} \cr & = {\text{Rs}}{\text{.}}\,900 - {\text{Rs}}{\text{.}}\,890 \cr & = {\text{Rs}}{\text{.}}\,10 \cr} $$
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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