Question 13

The marked price of an article is $$\frac{10}{7}$$ of the cost price and the selling price of that article is $$\frac{4}{5}$$ of the marked price. What is the profit percentage?

Solution

Let cost price of article = Rs. $$70$$

=> Marked price = $$\frac{10}{7}\times70=Rs.$$ $$100$$

Similarly, selling price = $$\frac{4}{5}\times100=Rs.$$ $$80$$

$$\therefore$$ Profit % = $$\frac{(80-70)}{70}\times100=14.28\%$$

=> Ans - (C)

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