By selling some goods at Rs. 31, a salesman loses 7% on his output. Find the percentage profit of loss, when he sells the same at Rs. 35 = ?
A. Loss 7%
B. Profit 5%
C. Loss 5%
D. Profit 7%
Answer: Option B
Solution(By Examveda Team)
Selling price of goods = Rs. 31Cost price of goods
$$\eqalign{ & = {\text{31}} \times \frac{{100}}{{93}} \cr & = {\text{Rs}}{\text{. }}\frac{{100}}{3} \cr & {\text{Profit }}\% \cr & = \frac{{35 - \frac{{100}}{3}}}{{\frac{{100}}{3}}} \times 100 \cr & = \frac{{\frac{5}{3}}}{{\frac{{100}}{3}}} \times 100 \cr & = 5\% \cr} $$
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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