Profit and Loss - Quantitative Aptitude (MCQ) questions for Q. 787

Q.  Eleven bags are bought for Rs.1000 and sold at 10 for Rs.1100. What is the gain or loss in percentage?
- Published on 06 Jul 15

a. 10%
b. 21%
c. 25%
d. 20%

ANSWER: 21%
 
As selling price is Rs.1100 for 10 bags, each bag is sold at Rs.110.
Hence, the profit is Rs.100 after selling 10 bags plus the selling price of 1 bag = 100 + 110 = Rs.210.
%profit = 210/1000 *100
= 21%

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