Multiple choice

The marked price of a camera is (\frac{3}{2}) of the cost price and selling price is (\frac{9}{10}) of the marked price. Find the percentage profit or loss?

  1. 25% profit

  2. 35% profit

  3. 33.33% loss

  4. 42% loss
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP be the cost price. MP = 3/2 CP = 1.5 CP. SP = 9/10 MP = 0.9(1.5 CP) = 1.35 CP. Profit = 1.35 CP - CP = 0.35 CP, which is 35% of CP. This is a 35% profit.

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