A) Profit of 3%
B) Loss of 3%
C) Profit of 2.4%
D) Loss of 2.4%
Correct Answer: C
Solution :
[c] Let the original price of each article = Rs. 100 \[\therefore \] new price = Rs. 105 Original selling price of 100 articles \[=100\times 100=10,000\] Selling price of the article at new price \[=97.5\times 105\] = Rs. 10237.50 [No of article sold = 97.5] \[\therefore \] Profit = 10237.50 ? 10,000 = 237.50 \[\therefore \] % profit \[=\left( \frac{237.50}{10,000}\times 100 \right)%=2.4%\]
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