An article was sold at a certain price. Had it been sold at 4/5 of that price, there would have been a loss of 10%. At what profit percentage was the article sold initially?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 12.5%
| Application |
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Let the SP is 5 in the initial So, After selling it at 4, the loss percent is 10% Means 4 of x = 100 - 10 = 90 So, 5 of x = 90/4 × 5 = 112.5 |
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Hence, Profit = 112.5 - 100 = 12.5% |