Question 115

Profit obtained on selling an article for Rs 310 is equal to the loss incurred on selling that article for Rs 230. What will be the loss percentage when selling price is Rs 180?

Solution

As the percentage of profit is equal to percentage of loss,

Profit/loss = (310 - 230) / 2

$$\Rightarrow$$ 80 / 2 = 40

Cost price = (230 + 40) or (310 - 40) = 270

Loss percentage when selling price is 180 = {(270 - 180) / 270} x 100

$$\Rightarrow$$ (90/270) x 100 = 100/3 = $$33\frac{1}{3}$$

Hence, option C is the correct answer.

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