Discussion of Question with ID = 079 under Profit-and-Loss

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Question

Goods are purchased at a cost price of Rs. 500 and sold at a loss of 5%. What is the sale price?

A

Rs. 475.

B

Rs. 476.

C

Rs. 474.

D

Rs. 477.

Soln.
Ans: a

The loss in rupees is cost × 5%. Which is ${500 × 5}/100$ = Rs. 25. So the sale price is cost - loss = 500 - 25 = Rs. 475.


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