By selling an article for Rs., 102, there is a loss of 15 % When article is sold for RS.,134.40, net

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7.Profit and Loss

medium

By selling an article for $Rs.\, 102,$ there is a loss of $15 \%$ When the article is sold for $RS.\,134.40,$ the net result in the transaction is

A

$12 \%$ gain

B

$12 \%$ loss

C

$10 \%$ loss

D

$15 \%$ gain

Solution

$C.P.$ of article

$=\frac{100}{100-\text { loss per cent }} \times$ S.P.

$=\frac{100}{100-15} \times 102=₹ 120$

On selling at $₹134.40,$ we have,

Gain $=₹(134.4-120)=₹ 14.4$

$\therefore$ Gain percent

$=\frac{14.4}{120} \times 100=12 \%$

Standard 13

Quantitative Aptitude

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