An article is sold at a certain price. If it is sold at 80% of this price, then there will be a loss of 10%. What is the percentage profit when the article is sold at the original selling price?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 ie 12.5%..
CP → (A) → 80 → (B) → 100 (Less than 15%)
-10% +25%
= A - B - (AB/100)
= 25 - 10 - (250/100)
= 15 - 2.5 = 12.5%