QA – Placement Quizzes | Profit and Loss | Question 1

Peter buys a bag at the price of Rs 27.50. After some days, he sells it at the price of Rs 28.90. What is the percentage of his gain?

(A) 7.19%
(B) 5.09%
(C) 5.55%

(D) 6.09%


Answer: (B)

Explanation: Cost price of the bag is Rs 27.50 and Selling price is Rs 28.90.
So, Peter gains Rs (28.90 – 27.50) = Rs 1.40.
Percentage of gain = (1.40/27.50 × 100)% = 140/27.5 % = 5.09 %

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