BANK IDBI Assistant Manager Mock Test 2022 Quantitative Aptitude Profit and Loss Successive Selling

A person buys an item at a certain price and then sells it at Rs.1800, thereby making a loss of 25%. What would be his profit/loss percentage if he sells the item at Rs. 2000?

1

16.66% profit

2

20% profit

3

16.66% loss

4

20% loss

5

25% loss

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