Multiple choice

Ritesh sold a pen for Rs. 36 with a profit of 20%. If it were sold for Rs. 33, then what could be the percentage of profit or loss?

  1. 10% profit

  2. 15% profit

  3. 12% loss

  4. 18% loss

  5. Na
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A Correct answer
Explanation

If 36 is 120% of the cost price, then CP = 36/1.2 = 30. Selling at 33 results in a profit of 33 - 30 = 3. The profit percentage is (3/30)*100 = 10%.

AI explanation

First, find the cost price by dividing the selling price of 36 by 1.20, which gives a cost price of 30. If the pen is sold for 33, the profit is 3, and using the profit percentage formula, 3 divided by 30 gives 0.10. Multiplying by 100 shows the result is a 10% profit.

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