Question 54

Ajay sold an article for ₹84 at a loss of 30%. If he sells the same article at ₹120, then what will be his profit or loss percentage?

Solution

Ajay sold an article for ₹84 at a loss of 30%.

Initial selling price = (100-30)% = 84

70% = 84

1% = 1.2

cost price = 100% = 120

If he sells the same article at ₹120.

It means that the cost price and selling price of the article is the same in that case. It means that there is no profit no loss.

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