Practicing Success
An article is sold at a certain price. If it is sold at 33\(\frac{1}{3}\)% of this price, there is a loss of 33\(\frac{1}{3}\)%. What is the profit % if the article is sold out at 60% of its original selling price? |
20% 40% 15% 25% |
20% |
Assume SP = 300 If it is sold at 33\(\frac{1}{3}\)% of this price i.e. \(\frac{1}{3}\) x 100 = 100 there is loss of 33\(\frac{1}{3}\)% Thus, we can form a ratio of CP : SP = 3 : 2 Now 2 R = 100(as assumed earlier) 1 R → 50 CP = 3 R = 150 If article sold at 60% of original SP → 300 × \(\frac{60}{100}\) = 180 P% = \(\frac{30}{150}\) × 100% = 20% |