Raheem sold a crockery set for ₹1,092 at a profit of 20%. What would have been the actual percentage profit or loss on it, if he sold it for ₹950 (rounded to two decimal places)?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 4.40% profit.
CP = 1092 × (100/120) = 910
Profit = 950 - 910 = 40
Profit percentage = (40/910) × 100 ≈ 4.40%