Profit & Loss Mcqs
Q. By selling a house for Rs.45000, it was found that 1/8 of the outlay was gained, what ought the selling to price to have been in order to have lost 5 p.c?
a. Rs.38750
b. Rs.38000
c. Rs.40000
d. Rs.42000
CP + CP/8 = 45000
CP = 40000
SP = 40000*(95/100) = 38000
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