Mathematics · Profit and Loss
The profit earned when article 'P' is sold for Rs. 900 is 4 times the loss incurred when the same article is sold for Rs. 700. The ratio of the cost prices of articles 'P' and 'Q' is 2 : 3, respectively. If article 'Q' is marked up by 20% above its cost price and then sold after giving a discount of Rs. 332, then find the approximate profit/loss percentage incurred on selling article 'Q'.
- 18% profit
- 25% loss
- 312% profit
- 410% loss✓
Correct answer
10% loss
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