Q63
ArithmeticPercentage, Profit & Loss
A man gains 10% by selling an article for a certain price. What is profit/loss if the article is sold for half the price?
- a.40% loss
- b.5% loss
- c.5% profit
- d.55% profit
Answer: (A) 40% loss
With a cost of 100, a 10% gain means a selling price of 110, and half of that is 55, so the sale ends in a heavy loss. Option (A) is the only large loss among the choices and is the answer in the key; it is exact if the original gain is 20%, since 120 ÷ 2 = 60. Worked with the printed 10%, the loss comes to 45%, which is not among the options, so the question appears to carry a misprint.