An article is sold at a certain price. If it is sold at 
of this price, there is a loss of . What is the percentage profit when it is sold at 60% of the original price?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 20%
SP/3 = (2/3) CP
SP = 2 CP
60% of SP = 1.2 CP
= 1CP + (20/100)CP = 20%