Bala sold an article for N6900 with a 15% profit. We need to find the profit or loss percentage if he sold it for N6600.
2025/4/29
1. Problem Description
Bala sold an article for N6900 with a 15% profit. We need to find the profit or loss percentage if he sold it for N
6
6
0
0.
2. Solution Steps
First, let's calculate the cost price of the article.
Selling Price = Cost Price + Profit
Profit = 15% of Cost Price
Selling Price = Cost Price + 0.15 * Cost Price
Selling Price = 1.15 * Cost Price
Given that the selling price is N6900, we have:
Now, let's calculate the profit or loss if he sold it for N
6
6
0
0. New Selling Price = N6600
Profit/Loss = New Selling Price - Cost Price
Profit/Loss =
Since the result is positive, it's a profit.
Now, we need to find the profit percentage.
Profit Percentage =
Profit Percentage =
Profit Percentage =
Profit Percentage = %
3. Final Answer
C. profit of 10%