An article is sold for Rs. X. if it is sold at 33(1/3)% of this price, there is a loss of 20%. What is the percentage profit when it is sold for Rs. X?
Show answer & explanation
Correct answer: A
Explanation
Correct Answer is option 1 i.e. 140
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Understanding |
Application |
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Suppose CP = P SP1 = X SP2 = X/3 |
Since there is loss of 20% when sold at X/3: Then, X/3 = 0.8P X = 2.4P Hence, Profit when sold at X = [2.4P – P]/P = 140% |