Rohit sells an article at a certain price. If he sells it at 72% of that price, he incurs a loss of 20%. If he sells it at 20% above its actual selling price, then his profit percentage is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 33%.
Let the original selling price = ₹x
Selling price = =
Cost Price = × =
New selling price = 20% above x
New selling price = =
Profit = SP − CP
⇒ - =
Profit% = = = %