A man sold an article for ₹35,400 and made a profit of 18% in the process. What would have been his profit or loss percentage, had he sold it for ₹33,000?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Gain 10%
Cost price = 35400/1.18 = ₹30,000
If sold for ₹33,000 then profit = 33,000 − 30,000 = ₹3,000
Profit % = (3,000/30,000) × 100 = 10%