Question

IB exams

An item was sold for Rs.27.50 with a profit of 10%. If it was sold for Rs.25.75, what would have been the percentage of profit or loss?

Answer 1

SP = 27.50
profit = 10%

$CP = \frac{27.50}{110} \times 100=25$

If it is sold at Rs. 25.75
profit = 25.75 - 25 = 0.75
profit  =(0.75/25) ×100 = 3%

Answer 2

Explanation:

cost be 100%. Selling price with 10% rofit is 110%. 110% is 27.5 100%=27..5×(110/100)=25