Arithmetic Ability
Profit and Loss

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Q.

A man sell 35 waffers for Rs. 15 each and loses Rs. 40.4. If he sells 35 waffers for Rs. 18, how much does he loss or gain ?

View Answer

Correct choice: A

Explanation:

Given Loss = Rs. 40.4 We know loss = cost price - selling price 40.4 = CP - 35(15) => CP = 40.4 + 525 => CP = Rs. 565.4 Now the New selling price of waffer is Rs. 18 => SP = 35(18) = 630 Now Gain = SP - CP = 630 -565.4 = Rs. 64.6.
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