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
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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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