The profit made on an item sold for ₹2200 is equal to the loss incurred when…
2025
The profit made on an item sold for ₹2200 is equal to the loss incurred when it is sold for ₹1800. What will
be the profit or loss percentage if the item is sold for ₹2050?
- A.
Profit of 2.25%
- B.
Loss of 3.5%
- C.
Profit of 2.5%
- D.
Loss of 4.25%
Attempted by 9 students.
Show answer & explanation
Correct answer: C
Equal profit at Rs 2200 and loss at Rs 1800 means cost price is their average, Rs 2000. Selling at Rs 2050 gives profit Rs 50, which is 2.5%.