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Quantitative Aptitude

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Profit & Loss

Question
25 out of 30
 

When a book is sold at its Market Price it gives a profit of 40%. What will happen if it is sold at half the market price?



A 30% profit
B 25% loss
C 30% loss
D 40% profit
E None of these

Ans. C Let us assume that Cost of the book is Rs. 100 and Market Price is 140.

If we sell the book at hald of MP, then Selling Price =140/ 2 = 70

So percent loss = 100 – 70 = 30% loss

Profit & Loss Flashcard List

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