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There would be 10% loss if a toy is said at Rs. 10.80 per piece. At what price should it be sold to earn a profit of 20%?

Correct answer: C. Rs. 14.40

  • A. Rs. 12
  • B. Rs. 12.96
  • C. Rs. 14.40
  • D. None of these

Explanation

Rs. 10.80 represents 90% of the cost price, so cost price = Rs. 10.80/0.90 = Rs. 12.00 per piece. A 20% profit requires Rs. 12.00 x 1.20 = Rs. 14.40 per piece. Students may choose Rs. 12.96 by adding 20% directly to the given loss price.

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Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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