A shopkeeeper increased the price of a product by 50% and later on he reduce the price by 50%. Then Shopkeeper's loss was:
A) 0% B) 25% C) 100% D) 2.5%
Answer: B
Description:
Let the price of Product be Rs.100.
Price after 50% increase=150.
Pricer after 50% reduction=[(50/100)*150]=75
NEW PRICE=Rs.75.
LOSS=100-75=Rs.25.
[ie. Rs.25 is 25% of its original cost Rs.100]
A) 0% B) 25% C) 100% D) 2.5%
Answer: B
Description:
Let the price of Product be Rs.100.
Price after 50% increase=150.
Pricer after 50% reduction=[(50/100)*150]=75
NEW PRICE=Rs.75.
LOSS=100-75=Rs.25.
[ie. Rs.25 is 25% of its original cost Rs.100]
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