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Question : A man sells his bike for Rs. 1,32,000 earning a profit of 10%. If he had sold it for Rs. 1,26,000, then what is his profit or loss percent?

Option 1: 10% profit

Option 2: 5% loss

Option 3: 10% loss

Option 4: 5% profit


Team Careers360 24th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: 5% profit


Solution : Given: Selling price including 10% profit:
Let the cost price be CP.
$\frac{110}{100} \times CP=132000$
Cost price = 120000
If it is sold at Rs 126000
Profit = 126000 – 120000 = 6000
Profit percentage = $\frac{\text{Profit}}{\text{Cost price}}\times 100$
= $\frac{6000}{120000}\times 100$
= 5%
Hence, the correct answer is 5% profit.

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