An article was sold at a profit of 14%. Had it been sold for Rs. 121 less , a loss of 8% would have been incurred. If the same article would have been sold for Rs. 536.25, then the profit/loss percent would have been?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. loss 2.5%.
Trick:
14% + 8% = 121
22% = 121
1% = 5.5
Now,
550 = normalizing prize
if the product have been sold at 536.25
Then
[(550 - 536.25)/550] × 100 = [13.75/550] × 100 = 2.5%
Hence, loss of 2.5% would have been incurred.