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.

ArithmeticPercentageProfit and LossCost PriceSelling Price
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:
6900=1.15CostPrice6900 = 1.15 * Cost Price
CostPrice=69001.15Cost Price = \frac{6900}{1.15}
CostPrice=6000Cost Price = 6000
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 = 66006000=6006600 - 6000 = 600
Since the result is positive, it's a profit.
Now, we need to find the profit percentage.
Profit Percentage = ProfitCostPrice100\frac{Profit}{Cost Price} * 100
Profit Percentage = 6006000100\frac{600}{6000} * 100
Profit Percentage = 110100\frac{1}{10} * 100
Profit Percentage = 1010%

3. Final Answer

C. profit of 10%

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