Test Index

Indian Institute of Foreign Trade 2016 Solved Paper

© examsnet.com

Question : 8

Total: 123

In a local shop, as part of promotional measures, the shop owner sells three different varieties of soap, one at a loss of 13 percent, another at a profit of 23 percent and the third one at a loss of 26 percent. Assuming that the shop owner sells all three varieties of soap at the same price, the approximate percentage by which average cost price is lower or higher than the selling price is

10.5 higher
12.5 lower
14.5 lower
8.5 higher

Go to Question:

Prev Question

Next Question