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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