A) Loss, 3%
B) Profit, 2%
C) Profit, 3%
D) Loss, 2%
Correct Answer: C
Solution :
Selling price of book \[\text{=Rs}\text{. 27}\text{.50}\] \[\text{Profit }\!\!%\!\!\text{ =10 }\!\!%\!\!\text{ }\] \[\therefore \text{C}\text{.P}\text{.=}\frac{100}{110}\times 27.50=Rs.25\] Now, new selling price \[\text{=Rs}\text{. 25}\text{.75}\] \[\therefore \] Profit\[\text{=Rs}\text{.(25}\text{.75-25)=Rs}\text{.0}\text{.75}\] Now, \[\text{Profit }\!\!%\!\!\text{ =}\frac{0.75}{25}\times 100=3%\]
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