Question 66

An article is sold at 30% loss. If the selling price is increased by 50%, then what is the profit percentage?

Solution

Let cost price = Rs. $$100$$

Loss % = 30%

=> Selling price = $$100-(\frac{30}{100}\times100)$$

= $$100-30=Rs.$$ $$70$$

If selling price is increased by 50%, => New selling price = $$70+(\frac{50}{100}\times70)$$

= $$70+35=Rs.$$ $$105$$

$$\therefore$$ Profit % = $$\frac{(105-100)}{100}\times100=5\%$$

=> Ans - (A)

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