A book was sold for Rs. 27.50 with a profit of 10%. If ... – Arithmetic

Arithmetichard · Past Paper

A book was sold for Rs. 27.50 with a profit of 10%. If it were sold for Rs. 25.75, then there would have been a:

A3% profit

B3% loss

C4% profit

D2% profit

✓ Correct Answer: A — 3% profit

CP = 27.50 / 1.1 = 25. New Profit = 25.75 - 25 = 0.75. Profit % = (0.75/25) * 100 = 3%.

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