Question 44

An article is sold at a certain price.Had it been sold at 60% of this price,there would have been a loss of 35%.What is the percentage profit now?

Solution

let original s.p of article be 'Rs 100 , c.p = x

new s.p = 60% of 100 = Rs 60

cp - loss = sp

loss is 35%

x - 35x = 60

= 0.65 x = 60

x = $$\frac{6000}{65}$$

profit = $$100- \frac{6000}{65}$$ = $$\frac{500}{65}$$

profit % =$$\frac{\frac{500}{65}}{\frac{6000}{65}}\times 100$$

= 8.33%

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