Ram sells chocolates at a profit of 20% for Re 60. What will be the percentage…
2025
Ram sells chocolates at a profit of 20% for Re 60. What will be the percentage loss or gain if he reduces the price to Re 55 due to less demand.
- A.
9%
- B.
4%
- C.
10%
- D.
20%
Attempted by 31 students.
Show answer & explanation
Correct answer: C
The original selling price is Rs. 60 at a profit of 20%. To find the cost price, divide the selling price by (1 + profit percentage): 60 / 1.2 = Rs. 50. When the price is reduced to Rs. 55, the new profit is 55 - 50 = Rs. 5. The profit percentage is (5 / 50) × 100 = 10%. Therefore, the profit is 10%.