If the marked price of an article is 4/3 times the cost price and the selling price is 9/11 times the marked price, then what is the profit/loss percentage?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e profit.
Let the cost price = 1
Marked price = 4/3 × 1 = 4/3
Selling price = 9/11 × 4/3 = 36/33 = 12/11
Selling price = 12/11
Cost price = 1
Profit = 12/11 − 1 = 1/11
Profit % = (1/11) × 100 = profit