Multiple choice

By selling an article for Rs. 2300, Rekha gains 25%. If she sells it for Rs. 1955, then her loss/gain percent is:

  1. 6.5% loss

  2. 6.5% gain

  3. 6.25% gain

  4. 6.25% loss
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

If selling at Rs. 2300 gives 25% profit, then cost price = 2300/1.25 = Rs. 1840. When selling at Rs. 1955: profit/loss = 1955 - 1840 = Rs. 115 profit. Percentage = (115/1840) × 100 = 6.25% profit. The correct answer is 6.25% gain.

Keep practicing — related questions