A man sold an article for Rs. 35,400 and made a profit of 18% in the process. What would have been his profit or loss percentage, had he sold it for Rs. 33,000?

Correct option is D

Given:
Selling price of the article = Rs. 35,400
Profit percentage = 18%
Formula Used:
Profit = Selling Price - Cost Price
Profit Percentage = (Profit / Cost Price) * 100
Solution:
Cost Price = $$= \frac{35,400}{1 + \frac{18}{100}} = \frac{35,400}{1.18} = 30,000$$​
So, the cost price of the article is Rs. 30,000.
New Profit = Selling Price - Cost Price = 33,000 - 30,000 = 3,000
Profit Percentage = $$= \left(\frac{3,000}{30,000}\right) \times 100 = 10\%$$​​
The profit percentage would have been 10% if the article had been sold for Rs. 33,000.