The profit percentage by way of selling an article for ₹180 is the same as the loss percentage by selling it for ₹120. How much is the profit or loss percentage?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 20.
(180 - CP) = (CP - 120)
⇒ 180 + 120 = 2CP
⇒ CP = 150
Profit percentage = (180 - 150)/150 × 100 = 20%