🎴 Flashcard Mode
Profit and Loss
Card1 / 14
Mastered0
Review0
QuestionClick to flip
Seema bought a table for Rs. 400/- and sold it at a profit of 15%. What would have been increase in the profit if it were sold at Rs. 500/-?
AnswerClick to flip back
A
Rs. 40
💡 Explanation:
C.P. of table = Rs. 400. Profit % = 15%. S.P. = { (100 + P%) / 100} x C.P. S.P. = Rs. 460. Hence, profit = Rs. 60.New S.P. = Rs. 500. Therefore, new profit = 100 - 60 = Rs. 40.