Profit and Loss Questions and Answers 55


David purchased a house for Rs.75000 and a site for Rs.15000 respectively, if he sold the house for Rs.83000 and the site for Rs.10000, then find the resultant percentage of gain?

A. 30 %

B. 330/3 %

C. 31/3 %

D. 3.33 %

Ans: D.

Total CP = 90000 & total SP = 93000 ⇒ gain = SP/CP = 93000/90000 = 1.0333 = 3.33%.

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READ  A book was sold for Rs.27.50 with a profit of 10%.If it were sold for Rs.25.75, then what wuould have been the percentage of profit or loss?

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