Civil Services UPSC EPFO (APFC) Mock Test 2023 Quantitative Aptitude Profit and Loss

By selling an item for Rs. 1,035, there is a gain of 15%. If the item is sold for Rs. 922.50, then what is the gain/loss percentage?

1
Loss, 12.5%
2
Gain, 12.5%
3
Gain, 2.5%
4
Loss, 2.5%
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