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#1 2015-04-16 09:45:34
Profit Percentage:
Question:
A vendor sells his articles at a certain profit percentage. If he sells his article at 1/3 of his actual selling price, then he incurs a loss of 40%. What is his actual profit percentage?
Option A):
80%
Option B):
60%
Option C):
72%
Option D):
120%
Correct Answer is Option A):
80%
Explanation:
Go through the option:
100 (CP)== 80%↑==> 180(SP)
1/3 of SP = 180/3 = 60
Loss = 40% = 100 -60 = 40
Hence, option (3) is correct as it gives 40% loss on CP on reducing the price to 1/3 of CP.
Failure is the first step towards seccess.
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2015-04-16 09:45:34
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