By selling an article at 7/12 of its selling price, a man loses 16%. If he sells it at 90% of its original selling price, then what will be the profit percentage?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 29.6%
Explanation:
Let the original selling price b x.
According to the given question,
Cost Price = =
Now, the selling price = 90% of x =
So, the profit = - =
Now, profit % = = = 29.6%
Hence the required answer is 29.6%.