A bought an item for ₹1,100 and sold it to be at a loss of 5%. B sold the item to C at a profit of k% for ₹1,254. Find the value of k.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 20.
A bought at = ₹1100
Loss 5%:
A sold to B = 1100 × 0.95 = ₹1045
B sold to C at ₹1254
Profit = 1254 − 1045 = ₹209
Profit%(k) = = 20%