By selling an article at of its actual selling price, a loss of 19% is incurred. What is the profit percentage on selling it at its actual selling price?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e.12.5%
Let the Cost price (CP) = Rs. 100
Article sold at 19% loss i.e. SP = Rs. 81
= 1/=
Reduced SP of 1 unit = Rs. 81
Reduced SP of units = × 81 = Rs. = 112.5
Profit = SP - CP
= 112.5 - 100
= 12.5
Profit% =
=
= 12.5