A book was sold for Rs 27.50 with a profit of 10%. If it were sold for Rs. 25.75, then would have been percentage of profit and loss ?
Choose the correct choice from the following:
A) 2% Profit	B) 3% Profit	C) 2% Loss	D) 3% Loss	E) 4% Loss
S.P.=(100+gain%100∗C.P)   So, C.P. = (100/110∗25.75)   When S.P. = 25.75 then   Profit=25.75−25=Re.0.75   Profit%=0.75/25∗100=3%   Answer is 3% Profit
<result>B</result>
A book was sold for Rs 27.50 with a profit of 10%. If it were sold for Rs. 25.75, then would have been percentage of profit and loss ?