Loading [MathJax]/jax/output/HTML-CSS/jax.js
Home / Aptitude Tests / Mathematics / Bola sold an article...

Bola sold an article for N6,900.00 and made a profit of 1...

Bola sold an article for N6,900.00 and made a profit of 15%. If he sold it for N6,600.00 he would make a

A.

profit of 13%

B.

loss of 12%

C.

loss of 10%

D.

loss of 5%

Correct answer is C

s.p = N6900

%profit = 15%

%profit = s.pc.pc.p x 100%

15% = 6900c.pc.p x 100%

15100c.p = N6900 - c.p

0.15 c.p = N6900 - c.p

1.15c.p + c.p = N6900

c.p = 69001.15

= 6000.00

Now new S.P = N6600

profit = s.p - c.p = 6000 - 6600

= 600

%profit = 6006600 x 100%

= 10%