What will be the actual profit percentage (rounded off to nearest integer) after selling an article at a certain price, while there occurs a loss of 45% on selling the article at $\frac{3}{8}$ of the selling price? |
17 Percent 37 Percent 47 Percent 27 Percent |
47 Percent |
Loss = 45% Selling the article at $\frac{3}{8}$ of the selling price means = $\frac{SP \; after 45% \; loss}{Actual \; SP}$ 3 = 55% of the CP 100% of the CP = 5.45 So the profit when selling price = 8 Profit% = \(\frac{(8 - 5.45) × 100}{5.45}\) = 47 Percent |