Question

A person sold an article from ₹ 3600 and got a profit of20%. Had he sold the article for ₹ 3150, how much profit would he have got?
A. 0.04
B. 0.05
C. 0.06
D. 0.1

Answer 1

Correct Answer - B
Let the cost price of the article be ₹x.
After 20% profit `rArr (120x)/(100) = 3600`
x = 300
Now, profit precentage, when the article is sold for ₹ 3150
`= (3150-3000)/(3000) xx 100 - (150)/(3000) xx 100 = 5%`