Practicing Success
By selling an article at $\frac{7}{12}$ of its selling price, a man loses 16%. If he sells it at 90% of its original selling price, then what will be the profit percentage? |
29.6% 26.4% 32.5% 30.2% |
29.6% |
By selling an article at $\frac{7}{12}$ of its selling price, a man loses 16% means, \(\frac{SP}{Original\; SP}\) = \(\frac{7x}{12x}\) loss = 16% So the CP = 84% of the CP = 7x 100% of the CP = 7x × \(\frac{100}{84}\) = 8.33x Now the original selling price = 12x Final selling price = 90% of original SP = 90% of 12x = 10.8x Profit % = ( 10.8x - 8.33x ) × \(\frac{100}{8.33x}\) = 29.6% |