A book was sold for Rs.150 with a profit of 12%. If it were sold for Rs.135 then what would have been the percentage of profit or loss?Options17%12%21%23%

Question

A book was sold for Rs.150 with a profit of 12%. If it were sold for Rs.135 then what would have been the percentage of profit or loss?Options17%12%21%23%
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Solution 1

To solve this problem, we first need to find the cost price of the book.

Given that the book was sold for Rs.150 with a profit of 12%, we can use the formula:

Cost Price = Selling Price / (1 + Profit%)

Cost Price = 150 / (1 + 12/100) = Rs.133.93 (approximately)

Now, if the book was sold for Rs. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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