Multiple choice

Passage

Directions: Study the following information and answer the question that follows. The table below shows the percentage profit or loss of five different commodities based on the sum of cost price and shipping cost. Name of Goods Cost Price (in million dollars) Selling Price (in million dollars) Cost of Shipping (in million dollars) Profit (in million dollars) Loss (in million dollars) Profit or Loss % Sugar 90 30 Salt 80 0 30 Vegetable oil 200 50 25 Grains 500 0 5% loss Wine 600 40 7% profit

If the loss on Sugar is 10%, then its selling price is what percent less than the selling price of Wine?

  1. 80.23%

  2. 588.73%

  3. 84.29%

  4. 81.73%

  5. 379.23%
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C Correct answer
AI explanation

For Sugar, the total cost is the cost price of 90 plus the shipping of 30, totaling 120. A 10% loss means the selling price of Sugar is 90% of 120, which is 108. For Wine, the total cost is 600 plus 40, totaling 640, and a 7% profit means the selling price is 107% of 640, which equals 684.8. The selling price of Sugar is 108, which is 84.29% less than the selling price of Wine (684.8).

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