Practicing Success
An article is sold at a certain price. If it is sold at 70% of this price, then there is a loss of 10%. What is the percentage profit, when it is sold at the original selling price? |
$\frac{50}{7}$% $\frac{200}{7}$% $\frac{300}{7}$% $\frac{100}{7}$% |
$\frac{200}{7}$% |
Let the article be originally sold for Rs. 90. If it is sold at 70% of this price, the selling price would be ⇒ 90 × 70% = Rs. 63 So, the cost price of the article = 63 ÷ 0.9 = Rs. 70 Now, the profit% when it's sold at the original selling price = \(\frac{(90 - 70) × 100}{70}\) = $\frac{200}{7}$% |